by Mike Duff | May 18, 2023 | Retail Articles
Unseasonable weather was a contributing factor to the first sales and profit decline at Ace Hardware Corp. in more than six years, the cooperative asserted. In the first quarter, Ace recorded net income of $66.2 million, a decrease of 44.7% or $53.6 million, from the...
by Mike Duff | May 18, 2023 | Featured News, Retail Articles
During the first quarter, Walmart made significant financial strides despite weaker general merchandise sales as more and higher-earning shoppers looked to the retailer for value in consumables and food, the company reported. Walmart posted a company net income of...
by Mike Duff | May 17, 2023 | Retail Articles
In the first quarter, TJX recorded higher earnings that beat a Wall Street estimate but sales that didn’t quite live up to expectations with revenue in home merchandise continuing to lag. Net income in the quarter was $891 million, or 76 cents per diluted share,...
by Mike Duff | May 16, 2023 | Retail Articles
Retail sales regained momentum in April with both month-over-month and year-over-year growth, according to the National Retail Federation. The United States Census Bureau today said overall April retail sales were up 0.4% from March and 1.6% year over year. In March,...
by Mike Duff | May 16, 2023 | Retail Articles
The first quarter brought lower sales and earnings at Home Depot as an increasingly wary consumer and poor weather put a damper on spring business, the company announced. Home Depot posted net earnings of $3.87 billion, or $3.82 per diluted share, versus $4.23...
