results

Q1 Results: Walmart, Target Lean on Groceries as Discretionary Spending Declines in Early 2023

Walmart and Target both navigated the uncertain currents of first fiscal quarter of 2023, but their differing results point to still more…

Home Depot Posts 4.2% Sales Decline Following Years of ‘Unprecedented Growth’

The Home Depot posted its weakest quarter in years, with Q1 2023 seeing a 4.5% comparable sales decline year-over-year. Total sales were…

Allbirds Cuts Workforce in Bid to Reduce Expenses

Allbirds announced plans to further streamline operations by reducing the size of its workforce. The brand didn’t specify the number of workers…

Amazon Retail and Cloud Growth Slows in Q1 but AI Investments Hold Promise

Amazon’s net sales grew 9% year-over-year to $127.4 billion in Q1 2023. Net income was $3.2 billion for the period, compared with…

Bed Bath & Beyond Prepares to Wind Down Operations in Chapter 11

Bed Bath & Beyond has filed for Chapter 11 bankruptcy protection and will implement an orderly wind-down of its businesses while “conducting…

FedEx Plans $1 Billion in Cuts as Demand Falls

FedEx is planning to cut an additional $1 billion in costs, citing weak demand that led to a disappointing profit for Q2…

GameStop Lays Off Additional Workers, Cuts Crypto Exposure Following Weak Q3

GameStop is undergoing another round of layoffs, according to a post on LinkedIn by a GameStop executive. While the scale of the…

Q3 Results: Walmart Grabs Grocery Share, Target Clears Inventory and ThredUP Order Volumes Soar

Inflation continued to loom in Q3 2022 and it has proven to be the defining force for many retailers. Walmart’s comparable sales…

Amazon Shares Fall Due to Weak Holiday Outlook, Overall Tech Stock Malaise

Economic uncertainty is proving to be a hindrance to even the largest retailers. Amazon has posted projected growth ranging from 2% to…

WSJ: Gap Cuts 500 Corporate Positions Following Weak Quarter

Gap is reportedly eliminating approximately 500 corporate jobs, people familiar with the matter told The Wall Street Journal. The layoffs and elimination…

Dollar General Promotes New President and CFO Following Strong Quarter

Dollar General has promoted John Garratt to President and CFO, effective September 1, 2022. He will add responsibilities for the company’s strategic…

Target Net Earnings Drop 90% in Q2 2022 While Walmart Sees Grocery Growth

Inventory markdowns weighed on Target in Q2 2022 as its net earnings dropped to $183 million, down almost 90% from its Q2…

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