In its annual forecast on prospects through year’s end, the National Retail Federation stated that it expects retail sales to grow between 6% and 8% to more than $4.86 trillion in 2022. NRF made the announcement during its annual State of Retail & the Consumer...
With COVID-19 and supply chain issues weighing on the fourth quarter, Best Buy met a Wall Street estimate on earnings but fell short on revenues. For the fourth quarter, net earnings were $626 million, or $2.62 per diluted share, versus $816 million, or $3.10 per...
Target Corp. will invest up to $5 billion on physical stores, digital experiences, fulfillment capabilities and supply chain capacity in 2022 to further differentiate its retail offering and drive continued growth, the company announced. Target plans to open 30 stores...
Ross Stores surpassed $5 billion in sales in the fourth quarter, although earnings slipped versus fiscal 2019 while still beating a Wall Street estimate. Net earnings for the quarter were $366.8 million, or $1.04 per diluted share, versus $238 million, or 67 cents per...
After a period of contention with an activist investor, Kohl’s posted earnings gains that beat a Wall Street estimate even if the company fell short of revenues expectations, with macro issues hitting the top line. Net income for the quarter was $299 million, or $2.20...
