Supermarket operator Raley’s has promoted COO Keith Knopf to president and COO.
Market research firm Euromonitor International has released a new white paper, Global Economies and Consumers in 2017, that suggests economic sluggishness ahead.
Home appliance and electronics retailer hhgregg may be nearing a bankruptcy filing as the company continues to struggle with a prolonged period of declining sales.
Department store retailer J.C. Penney will close as many as 140 locations as part of a plan to return the company to profitability.
For the three months ended December 31, Wayfair posted net revenue of $984.6 million but a net loss of $44 million, or 51 cents per share, versus net revenue of $739.8 million and a net loss of $15.5 million, or 18 cents per share, in the year-earlier period.
In the fourth quarter, HSN recorded net income of $43.5 million, or 82 cents per diluted share, as compared with $59.7 million, or $1.12 per diluted share, in the previous-year period.
Dollar General will build a distribution center in Amsterdam, NY, the company’s 16th such facility.
In the fourth quarter, Kohl’s Corp. comparable store sales and earnings slipped, but it still managed to top a MarketBeat published analyst average estimate by 11 cents.
For the fourth quarter ended January 28, TJX Co. posted net income of $677.9 million, or $1.03 per diluted share, versus $666.5 million, or 99 cents per diluted share, in the year-before quarter.