In the wake of the departure of former CEO Art Peck amid sluggish sales, Gap Inc. reported that fiscal year 2019 comparable sales were down 4 percent versus flat last year. Gap Global’s same-store sales dropped 7 percent from the prior year, while sales dropped 4 percent for its Old Navy Global...
The mall has not been kind to Macy’s, or at least that was the takeaway from the retailer’s earnings report released earlier today (Nov. 21). As the numbers hit the wires, sluggish sales figures and stumbling same-store sales growth hit Macy’s figures with a one-two...
It was a big day for Target on the public markets as the big-box retailer rolled out its Q3 earnings reports with better than expected results and revised its expectations for the remainder of 2019 upwards. CEO Brian Cornell, at the outset of his remarks...
Even with digital sales growth and the Amazon returns program in stores across the country, Kohl’s Corporation posted third-quarter results that fell short of analysts’ estimates. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS...
When Walmart reported earnings Thursday (Nov. 14), it managed to extend one of retail’s more impressive growth streak — 21 consecutive quarters. It was one element of an earnings report that, by and large, indicated continued strength from the nation’s largest retailer by sales. Get...
Fiverr, an online marketplace for freelance services, reported a 42 percent year over year revenue gain for the third quarter of 2019 on Wednesday (Nov. 13). The company filed for its initial public offering (IPO) back in May. Get the Full Story Complete the form to unlock...
Bottomline Technologies reported fiscal first-quarter results that showed continued traction in areas of digital banking and accounts payable (AP) technologies. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required....
Same-store sales increased only 2 percent for quick-service restaurant (QSR) operator Shake Shack in the third quarter of 2019, disappointing investors. The chain’s revenue increased some 32 percent year over year, though, hitting nearly $159 million, and meeting analyst expectations. Get the Full Story Complete...
Gig economy platform Upwork plans to focus more on larger companies in the coming months, as the company seeks to increase its market share in the fast-growing world of matching freelance labor with employers via digital technology. That news came as Upwork announced its Q3...
