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Four Things Walmart’s Strong Earnings Say About Retailing To A Pandemic World

PYMNTS

The results reversed a trend from last quarter, where the chain was one of many physical retailers facing a tepid holiday season that missed analyst expectations for sales, comparable-sales growth and earnings across the board. But things have reversed dramatically for the retailer amid the COVID-19 pandemic. percent to $134.6

Retail 88
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Modell’s Brings On Advisers Amid Slumping Sales, Online Competition

PYMNTS

To recover following a lackluster display over the holidays, Modell’s Sporting Goods has brought on a series of advisers with the inclusion of a chief restructuring officer. The retail chain has encountered slumping sales and a competitive field from eCommerce, as well as big-box retailers, The Wall Street Journal reported.

Sales 52
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New WEX EDGE Business Savings Network To Boost Small Fleets

PYMNTS

The program will use pre-negotiated savings and an eCommerce interface to allow smaller fleets and businesses to purchase products and services they need to run their businesses. The release states that users will be able to access “discounted prices” with WEX EDGE and use their WEX fuel account to make payments.

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Amazon Prime Day Part 1: The 'Amazon Effect' Goes Into Overdrive For Holiday 2020

PYMNTS

The big “day” is finally here — well, big two days to be technically accurate, as Amazon Prime Day, the eCommerce giant’s annual shopping holiday, is now a 48-hour event that began Tuesday (Oct. Longtime PYMNTS readers know the story of the Amazon effect across a lot of verticals — retail, grocery , payments. The Prime Day Push .

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Williams-Sonoma Tops Q4 Forecasts, Announces Leadership Changes

PYMNTS

The retailer said it had profit of $1.63 Alber continued, “Entering 2017, we will continue to improve performance and increase our competitive advantage, with a focus on innovation in eCommerce, our products and service, and the retail experience. per share and earnings of $1.55

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Abercrombie & Fitch To Close 40 Stores Within A Year

PYMNTS

Over the last eight years, the retailer has shuttered about 475 stores, as well as reduced the size of its stores and remodeled existing locations. In fiscal 2018, the retailer closed 29 stores, with more possible since around 50 percent of its leases expire within the next few years. During Q4, the company earned $1.35

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Walmart Shares Up Across The Board On Big Earnings Beats

PYMNTS

The planet’s largest retailer by sales crushed their way through Q2, with bigger than expected gains in revenue, earnings, same-store sales and eCommerce sales than analysts were predicting before the numbers hit the wires. percent to $128 billion, ahead of analyst forecasts of $125.9 All-in revenue jumped up 3.8