by Mike Duff | Jun 16, 2023 | Retail Articles
The National Retail Federation has stated retail sales rose again in May as consumers continued to spend despite economic challenges. Citing United States Census Bureau research, NRF noted that overall retail sales in May were up 0.3% from April and 1.6% year over...
by Mike Duff | Jun 9, 2023 | Retail Articles
In the first quarter, Ollie’s beat Wall Street sales and earnings estimates, posted solid comp gains and kept adding stores. Net income was $31 million, or 50 cents per diluted share, versus $12.5 million, or 20 cents per diluted share, in the prior-year quarter....
by Mike Duff | Jun 8, 2023 | Retail Articles
Although it came out ahead of a Wall Street estimate on sales, Kirkland’s net loss grew as comparable sales declined in the first quarter when the company realigned outreach to emphasize its value offering. Net loss in the quarter was $12.1 million, or 95 cents per...
by Mike Duff | Jun 5, 2023 | Retail Articles
Nordstrom performed better in its first quarter than Wall Street expected despite lower sales at full-line department stores and its off-price Rack operation. Net loss was $205 million, or $1.27 per diluted share, versus net earnings of $20 million, or 13 cents per...
by Mike Duff | Jun 1, 2023 | Retail Articles
The first quarter was a challenging one for Dollar General as consumers turned their spending to consumables and cut back on other product categories. Net income in the quarter was $514.4 million, or $2.34 per diluted share, the company reported, versus $552.7...
