Stitch Fix’s efforts to improve its client experience and assortment resulted in year-over-year revenue growth and quarter-over-quarter active client growth during the quarter ended May 2, CEO Matt Baer said in a Wednesday (June 10) earnings release. The online personal styling service saw its net revenue increase 4.7% year over year...
Dollar General’s core customers are cutting back on food purchases and other household expenses due to rising gas prices and reductions in SNAP benefit payments, CEO Todd Vasos said Tuesday (June 2). “This pressure has been more pronounced on customers in rural communities as they work to...
Costco sold a record amount of gas during the quarter ended May 10, as consumers sought relief from rising prices caused by the conflict in the Middle East. “Price continues to resonate strongly with our members,” Costco President, CEO and Director Ron Vachris said Thursday...
FinTech March quarter results have pointed to borrower growth and loan demand. And a deeper dive into executives’ comments and the platform metrics reveal, too, a shift in funding and business models. Management teams spent time discussing access to borrowers and more time discussing access...
TD Bank’s latest earnings call suggested the industry is moving into a more operational phase in its use of artificial intelligence, where AI is increasingly tied to loan approvals, fraud management and the economics of customer acquisition. CEO Raymond Chun said on the Thursday (May...
Best Buy entered 2026 facing the same question confronting much of the consumer electronics industry: whether slowdowns in discretionary spending had become structural. But executive commentary on the retailer’s latest quarterly earnings call Thursday (May 28) suggests the company may be finding a more durable...
United Kingdom neobank Starling saw revenues and profits fall last year as interest income dropped. The lender released its annual report Thursday (May 21), which showed revenues down 6% to 887 million pounds (about $1.2 billion) and pre-tax profits falling 3% to 217 million pounds...
The retail landscape is showing signs of becoming a platform economy. After staring down the better part of a decade of operational uncertainty, companies are turning to scale as a strategy. That, at least, was the case this most recent quarter for both Lowe’s and...
Consumers leaning on buy now, pay later for everything from groceries to larger-ticket purchases helped push Klarna deeper into everyday spending during the first quarter, while deposits, debit usage and point-of-sale financing increasingly are part of the company’s growth story. The company on Thursday (May...