by Mike Duff | Jan 10, 2023 | Retail Articles
In a time period when observers and vendors wondered if a bankruptcy filing might be imminent, Bed Bath & Beyond instead affirmed that it is looking at all options in dealing with the company’s financial difficulties even as it announced third-quarter results that...
by Mike Duff | Jan 9, 2023 | Retail Articles
Prior to its January 9 presentation at the 2023 ICR Conference in Orlando, Macy’s provided updates to its fiscal fourth quarter sales and adjusted EPS guidance provided on its November 17, 2022 earnings call, with net sales expected to come in at the low-end to...
by Mike Duff | Jan 6, 2023 | Retail Articles
For the month of December, Costco reported net sales of $23.8 billion for the retail month of December, the five weeks ended January 1, up 7% year over year. Comparable sales, excluding the effects of fuel price and foreign exchange volatility, were up 6.4% in the...
by Mike Duff | Jan 6, 2023 | Retail Articles
Retail comparable sales in the United States helped boost Walgreens Boots Alliance sales in the fiscal first quarter to a beat over Wall Street estimates. Walgreens reported a company loss of $3.72 billion, or $4.31 per share, versus company net earnings of $3.58...
by Mike Duff | Jan 5, 2023 | Featured News, Retail Articles
Bed Bath & Beyond announced in a financial update that it might not be able to proceed as a “going concern” after recurring losses and negative cash flow from operations for the nine months ended November 26, 2022, as well as current cash and liquidity...
