Tag: finance

June 1, 2017

PetSmart has been setting the stage to accelerate its digital offerings. Now it can. The specialty pet supplies retailer announced on Wednesday, May 31, that it completed the acquisition of Chewy, a leading online retailer for merchandise for pets, ranging […]

May 31, 2017

Wary about business conditions and jobs, consumer confidence dipped a bit further in May. But consumers still remain optimistic on the whole about the economy. The Conference Board said Tuesday that its Consumer Confidence Index fell to 117.9 in May, […]

May 26, 2017

Walmart is on fire in grocery and capturing a bigger share from traditional supermarkets. That’s according to Loop Capital analyst Andrew Wolf, who estimates Walmart currently has a 21.5% market share in the U.S. traditional grocery market, reported CNBC. “Wal-Mart […]

May 26, 2017

Burlington Stores reported Thursday that its first quarter sales grew 5% from the year-ago period to $1.3 billion, driven mostly by an increase in new and otherwise non-comparable stores. Comparable store sales for the off-price retailer grew by 0.5%. Burlington’s […]

May 22, 2017

Gap Inc.’s first quarter financial report Thursday showed that the struggling apparel company is still in the game: Q1 net sales were $3.4 billion, about flat to the year-ago quarter as they were hit by some $11 million in currency […]

May 18, 2017

American Eagle Outfitters’ profit shrunk in the first quarter amid charges and discounting. Net income totaled $25.2 million, or 14 cents per share, compared to $40.4 million, or 22 cents per share, in the year-ago period. The retailer reported charges […]

May 17, 2017

On Tuesday, Dick’s Sporting Goods reported first quarter net sales of $1.8 billion, a 9.9% increase from the same period in 2016, according to a company press release. Consolidated same-store sales increased 2.4%, falling short of the company’s expectations of […]

May 17, 2017

Staples on Tuesday said that total first quarter sales fell 5% year over year to $4.1 billion, missing analyst expectations cited by The Street for $4.46 billion. The company reported non-GAAP net income from continuing operations in the period was […]

May 16, 2017

Amazon is celebrating two decades as a public company in a big way — as an enterprise worth nearly $460 billion. The retail giant, which began as a modest online bookstore, went public on the Nasdaq in an IPO valued […]

May 5, 2017

Still awaiting approval on its acquisition by Bass Pro Shops, Cabela’s reported disappointing sales for its first quarter. Total revenue in the quarter decreased 3.4% to $834.9 million, less than expected. Revenue from retail store sales decreased 3.9% to $542 […]

May 3, 2017

Two private equity firms are “actively” exploring a buyout of Staples, according to a report by CNBC. Cerberus Capital Management and Sycamore Partners have emerged as the leading frontrunners pursuing a deal, the report said. While other private equity firms, […]

April 28, 2017

Starbucks Corp. met profit expectations for its second quarter even as its sales disappointed. The retailer’s net earnings increased 13.5%, to $652.8 million, or 45 cents a share, in line with expectations. Revenue totaled $5.28 billion, less than expected. Same-store […]

April 28, 2017

Under Armour on Thursday reported first quarter revenue rose 7% to $1.1 billion, driven by a 4% increase in wholesale revenue to $773 million and a 13% increase in direct-to-consumer revenue to $302 million. Q1 operating income was $8 million, […]

April 28, 2017

Amazon.com, Inc. swooped past expectations Thursday evening with its eighth straight quarter of turning a profit: Q1 net income rose 41% to $724 million (or $1.48 per share), handily beating expectations from Thomson Reuters I/B/E/S analysts cited by Reuters for […]

April 21, 2017

Blockchain is a digital ledger. It’s a distributed database that allows trustworthy and permanent record keeping. Each record, or block, is timestamped and links back to a previous block. Blocks are permanent once they are created because each transaction is […]

April 20, 2017

Walmart continues its online buying spree, but this time the target is a Web domain. ShoeBuy.com, which Walmart acquired in January, has acquired the shoes.com domain name and related intellectual property for $9 million, according to documents filed with the […]

April 6, 2017

Hudson’s Bay Co. mirrored the challenges confronting the department store industry as it swung to a loss in its fourth quarter and said it would cut costs and capital spending. HBC reported a loss of C$152-million in the quarter, compared […]

March 24, 2017

Highly promotional activity and increased multichannel initiatives not only helped Shoe Carnival hit its expectations, but exceed $1 billion in net sales for the year. For the quarter ended January 28, 2017, the retailer’s net sales were $234.2 million, a […]

March 22, 2017

A move to a more fast-fashion model helped Francesca’s to outperform many of its peers in the fourth quarter, with sales and income that topped expectations. The retailer reported better-than-expected profit of $14.6 million, or 39 cents a share, for […]

March 14, 2017

Chipotle Mexican Grill (NYSE: CMG) has been working on a turnaround for more than a year now. After an E. coli outbreak in its food, the company is still struggling to grow its sales and attract customers to its stores. […]