Earnings

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

Macy’s CEO: ‘We’re a Financially Strong, More Modern Department Store’

Macy’s CEO: ‘We’re a Financially Strong, More Modern Department Store’
Macy’s CEO: ‘We’re a Financially Strong, More Modern Department Store’
November 17, 2022  |  Retail

Drawing on a 40-year purview as a Macy’s employee that began as a trainee in 1983 and has seen him in the role of chairman...

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Kohl’s Says Middle Class and Discretionary Items Struggle with Inflation
Kohl’s Says Middle Class and Discretionary Items Struggle with Inflation
November 17, 2022  |  Retail

 With its focus on discretionary products and middle-income consumers, Kohl’s has been hard hit by the current macroeconomic trends, the retailer said Thursday (Nov. 17) during its...

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Bath & Body Works Credits ‘Newness’ for Q3 Performance
Bath & Body Works Credits ‘Newness’ for Q3 Performance
November 17, 2022  |  Retail

Bath and Body Works said a focus on “innovation and newness” helped the personal care and fragrance retailer end its most recent quarter on a...

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Starbucks Claims $181M in Revenue From Unused Gift Cards and Loyalty Credits
Starbucks Claims $181M in Revenue From Unused Gift Cards and Loyalty Credits
November 16, 2022  |  Earnings

Starbucks reportedly claimed $181 million in revenue from money on gift cards and loyalty accounts that customers didn’t spend in fiscal year 2021 — a...

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Target Cautious on Q4 as Consumers’ Available Savings and Credit Dwindle
Target Cautious on Q4 as Consumers’ Available Savings and Credit Dwindle
November 16, 2022  |  Retail

The country’s third largest retail chain warned investors that, despite unprecedented promotions aimed at reducing excess inventory, its critical holiday sales season would fall short...

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Lowe’s Says Home Remodeling Trend Still Strong and Set to Boom
Lowe’s Says Home Remodeling Trend Still Strong and Set to Boom
November 16, 2022  |  Retail

The nation’s second-largest chain of hardware stores said Wednesday (Nov. 16) that its commercial or “Pro” business grew 19% last quarter, as consumers continue to...

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TJX Finds ‘Tremendous Advantage’ in Off-Price Offerings
TJX Finds ‘Tremendous Advantage’ in Off-Price Offerings
November 16, 2022  |  Retail

Apparel retailer TJX reported an increase in sales Wednesday (Nov. 16), a development the company’s CEO attributed to consumers “treasure hunting” for the chain’s off-price offerings. Get...

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Home Depot Aims at B2B Friction to Boost Lucrative Professional Customers
Home Depot Aims at B2B Friction to Boost Lucrative Professional Customers
November 15, 2022  |  Earnings

Despite volatility in real estate prices and reduced consumer buying power due to inflation, the country’s largest home improvement retailer said Tuesday (Nov. 15) that...

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Walmart Says Inventory is Down and $100K+ Shoppers Are Up
Walmart Says Inventory is Down and $100K+ Shoppers Are Up
November 15, 2022  |  Retail

The country’s largest retail chain said Tuesday that its efforts to reduce inventory were paying off thanks in part to an increase in customers seeking...

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