Wayfair posted a fourth-quarter loss that exceeded Wall Street expectations as it moves forward with big plans to open several physical stores. Wayfair’s net loss for the quarter was $202 million, or $1.92 per diluted share, versus net income of $24 million, or...
At a time of leadership transition, Home Depot continues to roll on with strong fourth quarter sales, comparable sales and earnings results. Net earnings for the quarter were $3.35 billion, or $3.21 per diluted share, the company reported, compared with $2.86 billion,...
Macy’s beat Wall Street estimates during a fourth-quarter that topped off a big fiscal year for the company that Macy’s Chairman and CEO Jeff Gennette said reflects strategic initiatives that are improving operations and performance. Macy’s net income for...
Wayfair has appointed Ashwin Rao chief science officer and Niraj Nagrani as vp of global supplier marketplace, pricing, catalog and merchandising technologies. Both will report to Wayfair’s incoming chief technology officer, Fiona Tan. Wayfair has charged Rao with...
The United States appears to be at the midpoint of an economic cycle that should continue to see growth even as the Federal Reserve raises interest rates to control inflation, according to National Retail Federation chief economist Jack Kleinhenz. Just as it released...
