Artificial intelligence-related products led Alibaba Group’s gains during a quarter in which the global technology company earned double-digit year-over-year revenue growth across its businesses. Overall, during the quarter ended June 30, Alibaba reported year-over-year revenue growth of 2%, or 10% when revenue from two businesses...
Gap Inc. continues to invest in technology as it works to enhance its efficiency, customer experience and positioning for long-term growth. The specialty apparel company has been investing in technology that helps it bring products to market and optimize processes, Gap President and CEO Richard Dickson...
Affirm notched new highs across several business lines in the June quarter, as buy now, pay later (BNPL) momentum continued online and in-store, underpinned by 0% APR monthly installment loans. The company’s materials, released Thursday (Aug. 28) showed that gross merchandise volumes soared 34% to $10.4...
Off-price retailer Burlington Stores had an “extraordinarily strong” second quarter and raised its full-year guidance, but it remains cautious about the rest of the year due to external risks. That’s according to Burlington Stores CEO Michael O’Sullivan, who spoke to investors Thursday (Aug. 28) during the...
Best Buy saw quarterly sales creep up as consumers increased their tech spending. The electronics retailer released second-quarter earnings Thursday (Aug. 28) that showed sales growth of 1.6%, the highest rate in three years. Sales were driven purchases in several product categories, including computing, mobile phones, wearables, headphones and...
Dick’s Sporting Goods reported stronger-than-expected results for its second quarter, providing additional evidence in the surge of retailers’ latest reports that consumers are willing to spend in-store, and especially online. Despite the 5% gain in overall sales, to $3.7 billion, and the 5% comparable sales...
TD Bank is focused on digital initiatives against the backdrop of tariff-related uncertainty. The Canadian lender released quarterly earnings Thursday (Aug. 27) showing earnings of $3.3 billion, compared with a loss of $181 million in the third quarter of 2024, and adjusted earnings were $3.9 billion, a 6% increase....
Retail is being rewritten in real time as price-pressured shoppers chase value. Dollar General said during its Thursday (Aug. 28) second-quarter 2025 earnings call that its business model is finely tuned to these shifting consumer dynamics. “We are pleased with our strong second-quarter results, including...
Few companies in history have experienced a revenue trajectory as dramatic as Nvidia’s over the past two years. The latest numbers from its second quarter 2026 earnings, shared Wednesday (Aug. 27), underscore not just the resilience of its business model but also the volatility of...