by Mike Duff | Nov 29, 2022 | Retail Articles
According to the National Retail Federation, a record 196.7 million consumers across the United States shopped in stores and online during the five-day holiday shopping period from Thanksgiving Day through Cyber Monday. In the annual survey covering the period...
by Mike Duff | Nov 29, 2022 | Retail Articles
Preliminary data released by business services provider Sensormatic Solutions, indicated a 2.9% increase in retail foot traffic on Black Friday, November 25, compared to 2021, while Adobe Analytics reported that online sales at $9.12 billion gained from $8.92 billion...
by Mike Duff | Nov 28, 2022 | Retail Articles
Despite posting an unadjusted loss, Nordstrom managed to beat a Wall Street estimate on adjusted sales in its third quarter while topping a revenue estimate at the same time. Nordstrom posted a net loss in the quarter of $20 million, or 13 cents per diluted share,...
by Mike Duff | Nov 22, 2022 | Retail Articles
Best Buy sales and earnings tumbled in the third quarter, but they still came in ahead of a Wall Street estimate. For the quarter, net earnings were $277 million, or $1.22 per diluted share, versus $499 million, or $2 per diluted share, in the year-earlier quarter,...
by Mike Duff | Nov 22, 2022 | Retail Articles
Consumers are looking to stretch budgets and Dollar Tree was a beneficiary in the third quarter as the company made changes to management, pricing and store standards to make it more competitive. Net income was $266.9 million, or $1.20 per diluted share, versus...
