As Nordstrom reported fourth-quarter results that fell below analyst estimates, shares plummeted on the news – but the department store retailer highlighted a bright spot with its smaller-format stores and services. Nordstrom CEO Erik Nordstrom said in the firm’s Q4 earnings call on Wednesday (March 4), “Customers have...
Target’s Q4 earnings report was something of a mixed bag in terms of outcomes. Earnings per share came in ahead of expectations at $1.69, as opposed to the $1.65 forecast – bringing net income for the quarter to $843 million. Target reported $799 million in net income...
As its marketing plan over the holidays powered customer engagement and a double-digit increase in new customer acquisition, Kohl’s CEO Michelle Gass said the retailer enjoyed increased traffic over the period that was propelled, in part, by its Amazon Returns program. The executive noted in a fourth-quarter...
It turned out to be a surprisingly strong quarter for online craft marketplace Etsy. Net income came in at $31.3 million, or 25 cents a share. That is down from a year ago, when Etsy reported net income of $41.3 million, or 32 cents a...
Upwork saw strong adoption of its new paid client subscription plans, made changes to the virtual tokens used by freelancers when submitting proposals and increased its client fee for basic as well as plus, and reported a take rate of 14.6 percent for the fourth...
Square has posted Q4 earnings results, showing continued evolution from the firm’s roots 11 years ago as a point-of-sale payments processor with on-site card readers toward — what management described as — an “ecosystem” tying sellers and consumers together across a digital platform that includes capital...
As its gross merchandise volume (GMV) topped $1 billion for 2019, The RealReal Inc. reported a contribution profit per order of $19.72 and buyer acquisition cost (BAC) of $114 for the year. Get the Full Story Complete the form to unlock this article and enjoy unlimited free...
MoneyGram posted earnings that showed continued growth in online transactions, up double-digits on a year-over-year basis. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required. yesSubscribe to our daily...
After four consecutive quarters of progressively declining results, Macy’s managed to surprise the markets on Tuesday (Feb. 25) with an unexpected beat on earnings, gaining a boost from late holiday season sales strength. As it turned out, last-minute shoppers brought the Christmas miracle Macy’s needed. Get...
