by Mike Duff | Aug 30, 2022 | Retail Articles
Although total sales beat a Wall Street estimate, Kirkland’s Home suffered significant second-quarter comparable sales and earnings declines and now is working on bolstering inventory and liquidity positions. Net loss in the quarter was $25.7 million, or $2.02 per...
by Mike Duff | Aug 29, 2022 | Retail Articles
The second quarter proved pretty comfortable for Dollar Tree as consumers who are dealing with inflation sought out its stores for low prices on key needs. Even as it announced second-quarter results, Dollar Tree reported that it had appointed Jeffrey Davis to the CFO...
by Mike Duff | Aug 24, 2022 | Retail Articles
As it identified second quarter revenues as record-setting, Ace Hardware Corp. also posted net income that included a charge for the closure of The Grommet. Ace Hardware posted net income attributable to the company of $124.9 million for the quarter, up $116 million...
by Mike Duff | Aug 24, 2022 | Retail Articles
As has been the case with other retailers, Nordstrom has recently faced some inventory issues, but it managed sales and earnings gains in the second quarter, giving Wall Street a little surprise along the way. Net earnings were $126 million, or 77 cents per diluted...
by Mike Duff | Aug 19, 2022 | Retail Articles
Slower spending by lower to moderate income consumers hit Ross Stores second quarter results even if lower earnings were better than Wall Street anticipated. For the second quarter that ended July 30, Ross Stores reported earnings of $384.5 million, or $1.11 per...
