by Mike Duff | Feb 6, 2023 | Retail Articles
In association with the February issue release of NRF’s Monthly Economic Review, National Retail Federation chief economist Jack Kleinhenz maintained that a recession is unlikely in the immediate future and the United States economy should see slight growth in 2023 as...
by Mike Duff | Feb 3, 2023 | Retail Articles
Although store closings weighed on financial results, Sally Beauty comparable sales gained as the company topped Wall Street estimates. GAAP net earnings in the first quarter were $50.3 million, or 46 cents per diluted share, versus $68.8 million, or 60 cents per...
by Mike Duff | Feb 3, 2023 | Retail Articles
In a fourth quarter when sales events prompted strong response, Amazon missed Wall Street earnings estimates while exceeding those for revenues, revealing in a conference call associated with its financial results announcement that it is reconsidering the Amazon Fresh...
by Mike Duff | Feb 2, 2023 | Retail Articles
For the fiscal month of January, Costco Wholesale Corp. posted net sales of $16.84 billion, a gain of 6.9% from the period a year earlier. With the effects of gasoline price and foreign exchange rate volatility excluded, company comparable store sales advanced by...
by Mike Duff | Jan 27, 2023 | Featured News, Retail Articles
Bed Bath & Beyond has defaulted on its debt, the company reported in a 10-Q filing with the United States Securities and Exchange Commission, and the company is considering financing alternatives, again warning that it may have to file for bankruptcy. In a...
