Earnings

Earnings are the net benefits of a corporation's operation. Earnings is also the amount on which corporate tax is due.

Macy’s Navigates Weak Consumer Demand, Continues Deep Discounts

Macy’s Navigates Weak Consumer Demand, Continues Deep Discounts
Macy’s Navigates Weak Consumer Demand, Continues Deep Discounts
June 01, 2023  |  Retail

Earlier, PYMNTS reported that the summer of markdowns is here as Macy’s (along with Dollar General) struggled with declining consumer demand. The retailer has now...

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Macy’s and Dollar General Results Show Inflation’s Bite Is Far-Reaching
Macy’s and Dollar General Results Show Inflation’s Bite Is Far-Reaching
June 01, 2023  |  Economy

Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required....

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Nordstrom Defies Retail Slump With Surprising Quarterly Profit and Strong Revenue Growth 
Nordstrom Defies Retail Slump With Surprising Quarterly Profit and Strong Revenue Growth 
June 01, 2023  |  Retail

In the previous quarter, PYMNTS dubbed Nordstrom’s strategy of excessive discounting as the “big blue mistake.” However, on Wednesday (May 31), the retailer has proven...

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UK Neobank Monzo Records First Monthly Profits
UK Neobank Monzo Records First Monthly Profits
May 31, 2023  |  Digital Banking

British neobank Monzo says it has reached profitability while reducing its annual losses. Get the Full Story Complete the form to unlock this article and...

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Abercrombie Transforms Controversy Into Profits 
Abercrombie Transforms Controversy Into Profits 
May 31, 2023  |  Retail

Abercrombie & Fitch has made significant strides since its days of provocative advertising campaigns that showcased young shirtless male models, turning the brand into a...

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Klarna Says Shoppers Want Recommendations Rather Than Search Results
Klarna Says Shoppers Want Recommendations Rather Than Search Results
May 26, 2023  |  Retail

Klarna aims to lead a shift in purchases from search to recommendations. Get the Full Story Complete the form to unlock this article and enjoy...

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Nvidia’s Chips and OpenAI’s Cash Help Fast Track Generative AI’s Future  
Nvidia’s Chips and OpenAI’s Cash Help Fast Track Generative AI’s Future  
May 25, 2023  |  artificial intelligence

Among the best ways to gauge the interest in, and evolution of, new technology is to follow the money. Get the Full Story Complete the...

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Costco Reports Sales Growth Slows as Consumers Reduce Discretionary Purchases
Costco Reports Sales Growth Slows as Consumers Reduce Discretionary Purchases
May 25, 2023  |  Retail

Costco’s comparable sales growth has slowed as consumers reduce their purchases of discretionary items. Get the Full Story Complete the form to unlock this article...

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Report: Chanel Sees Slowdown in Luxury Sector Sales in US
Report: Chanel Sees Slowdown in Luxury Sector Sales in US
May 25, 2023  |  Retail

Chanel has reportedly seen a slowdown in the United States. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access...

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