by Mike Duff | Aug 23, 2022 | Featured News, Retail Articles
Macy’s got dinged by macroeconomic and retail trends in the second quarter even as it topped Wall Street estimates, and now it is working to position itself for a strong holiday season. Macy’s net income in the quarter was $275 million, or 99 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...
by Mike Duff | Aug 18, 2022 | Retail Articles
In the second quarter, BJ’s Wholesale Club kept on making significant sales and earnings gains as it continued to add members. Net income was $141 million, or $1.03 per diluted share, versus $111, or 80 cents per diluted share, in the 2021 quarter, the company stated....
by Mike Duff | Aug 18, 2022 | Retail Articles
Kohl’s Corp. posted lower second-quarter sales and earnings as core customers realign spending amid macro economic conditions. The retailer, meanwhile, announced it plans to expand its Sephora offering to all stores. Kohl’s net income was $143 million, or 1.11...
by Mike Duff | Aug 17, 2022 | Retail Articles
The Lowe’s Cos. beat a Wall Street earnings estimate even as revenue came in lower than anticipated. The company posted net earnings of $2.99 billion, or $4.67 per diluted share, versus $3.02 billion, or $4.25 per diluted share, in the 2021 quarter. Lowe’s...
