by Mike Duff | Dec 28, 2022 | Retail Articles
Retail sales, excluding automotive, grew in the United States by 7.6% in the November 1 through December 24 holiday season versus the same period in 2021, as announced by Mastercard SpendingPulse. The market research conducted by Mastercard SpendingPulse measures...
by Mike Duff | Dec 21, 2022 | Retail Articles
The third quarter spelled losses for Rite Aid Corp. but the company did beat Wall Street estimates as front-end comparable sales advanced. Third quarter net loss was $67.1 million, or $1.23 per share, compared to a net loss of $36.1 million, or 67 cents per share, in...
by Mike Duff | Dec 13, 2022 | Retail Articles
Shein, an e-tailer focused on younger consumers, surveyed their customers in the United States and determined that they’re not done holiday shopping. In addition, the survey found that rising costs haven’t tempered holiday spending for Shein’s Gen Z customers, as 49%...
by Mike Duff | Dec 12, 2022 | Retail Articles
As it revealed third-quarter financial results that topped expectations, Restoration Hardware also announced a pair of acquisitions and the addition of an executive to head up a new media operation. The company has acquired Dmitriy & Co., a to-the-trade custom...
by Mike Duff | Dec 9, 2022 | Retail Articles
Costco made solid gains in the first quarter of its fiscal year with comparable store sales and profits both up but fell short of Wall Street revenue and earnings estimates. Net income for the quarter was $1.36 billion, or $3.07 per diluted share, versus $1.32...
