Best Buy is reaching customers in new ways, both in stores and online, executives said Thursday (Aug. 27) during the specialty consumer electronics retailer’s quarterly earnings call. Best Buy has begun rolling out a new conversational artificial intelligence assistant called Ask Blue. The assistant can...
Kohl’s sales continue to slip as its shoppers continue to face household budgetary pressures. The department store chain reported quarterly earnings Wednesday (Aug. 26) showing a 0.9% decrease in both net and comparable sales, marking the 18th straight quarter in which Kohl’s has seen revenues...
Early adopters of nCino’s agentic solutions and other artificial intelligence initiatives for financial institutions have used up their first bundles of credits and have come back for more, nCino CEO Sean Desmond said Tuesday (Aug. 25) during an earnings call. “I mentioned during our first...
Businesses and accountants are deploying the artificial intelligence-powered tools offered as part of Intuit Intelligence, Intuit Chairman and CEO Sasan Goodarzi said Tuesday (Aug. 25) during an earnings call. Intuit introduced Intuit Intelligence in October, describing it as a system that will unify a business’s...
Dick’s Sporting Goods is forecasting a slowdown in its footwear business amid changing consumer preferences. The retailer released quarterly earnings Tuesday (Aug. 25) showing a 4.6% uptick in comparable sales, driven in part by this summer’s World Cup tournament. However, comparable sales for the Dick’s Foot Locker business fell 3.6%,...
Alibaba is focusing on agentic commerce innovations as it spends heavily on artificial intelligence. The Chinese tech giant shared quarterly earnings results Thursday (Aug. 20) that showed revenue up 9% for the year, while its AI investments drove a 75% decline in net income. External...
Walmart’s affordability push is showing up in what shoppers are buying, with transactions and unit volumes rising as the retailer cut prices on everything from ground beef and groceries to fashion and school supplies. During a Thursday (Aug. 20) discussion of fiscal year 2027 second-quarter...
Second quarter results from Home Depot and Lowe’s offer perhaps the clearest evidence yet of how a prolonged period of elevated mortgage rates is changing where money flows inside the roughly $1 trillion U.S. home-improvement economy. Homeowners who are reluctant to move are also reluctant...
Target is seeing sales tick up amid a growth in digital traffic from artificial intelligence platforms. The retailer reported second-quarter 2026 earnings results Wednesday (Aug. 19) that showed guest traffic up 3.6% and comparable sales climbing 3.8%. Speaking during an earnings call, CEO Michael Fiddelke...