by Mike Duff | Jul 25, 2023 | Retail Articles
Although earnings slipped year over year, Albertsons beat Wall Street estimates for the first quarter driven by a gain in identical sales, even if inflation was part of the increase. Net income was $417.2 million, or 72 cents per diluted share, versus $484.2 million,...
by Mike Duff | Jul 18, 2023 | Retail Articles
Market researcher Kearney described the consumer response to Amazon Prime Day as “tepid.” According to Kearney Consumer Institute lead Katie Thomas, Prime Day has become a consumer “nice-to-have,” but not a must. Shoppers polled by KCI said that, of available...
by Mike Duff | Jul 13, 2023 | Retail Articles
Amazon announced the first day of Prime Day, July 11, was the single largest sales day in its history, while market researcher Numerator made some germane observations about the event in general including the strong showing of merchandise for the home. For the 2023...
by Mike Duff | Jul 10, 2023 | Retail Articles
For its big summer savings Wow Days event, BJ’s Wholesale Club picked July 7 to 12, with members able to enjoy savings up to 65% off across the electronics, furniture, outdoor living, kitchen and appliances categories. As it competes with other major retailers...
by Mike Duff | Jun 29, 2023 | Retail Articles
In the first quarter, Rite Aid made strides, posting revenues that exceeded analyst expectations and a lower adjusted loss that also came in better than Wall Street anticipated. First quarter net loss was $306.7 million, or $5.56 per diluted share, compared to a net...
