In the evolving world of financial services, the growing imperative to modernize infrastructure has created a fertile ground for innovation. That fertile ground has also created a crowded marketplace of vendors, providers and third parties. “Vendor consolidation is a key consideration for many of the...
Despite facing a softer-than-expected retail environment in the third quarter, Foot Locker President and CEO Mary Dillon remains optimistic about the company’s long-term digital strategy, including a new mobile app and revamped loyalty program. “While our trends in early November landed below our expectations as consumers...
Shopper discretionary spending trends are impacting Family Dollar parent company Dollar Tree, as paycheck-to-paycheck consumers continue to feel squeezed in an uncertain economy. Dollar Tree, which operates more than 16,000 stores across the U.S. and Canada, faces a challenging retail landscape as inflationary pressures weigh on shoppers,...
A warmer-than-normal autumn wasn’t enough to stall sales growth for Burlington Stores. The off-price clothing retailer posted earnings Tuesday (Nov. 26) showing total sales up 11% for the third quarter (Q3), following 12% sales growth last year. Comparable sales — up 1% — were affected by “significantly warmer...
Kohl’s will sharpen its focus on value by increasing its inventory of private brands and delivering more targeted offers as it works to reverse its declining sales. The retailer said this Tuesday (Nov. 26) while reporting that during the third quarter, it saw its net...
Dick’s Sporting Goods’ third-quarter 2024 earnings results exceeded analyst expectations and demonstrated continued momentum as the back-to-school season transitioned into the holiday shopping period. During an earnings call Tuesday (Nov. 26), executives credited strategic initiatives, strong team execution and an omnichannel approach for the company’s...
Ross Stores aims to draw customers and drive sales by offering value and a “treasure hunt environment,” executives said Thursday (Nov. 21) during the off-price retailer’s quarterly earnings call. At its Ross Dress for Less and dd’s Discounts stores, which are largely focused on apparel...
Gap Inc. is refining both its digital and in-store channels as it works to reinvigorate its apparel brands. The parent company of Old Navy, Gap, Banana Republic and Athleta said this Thursday (Nov. 21) while reporting its third-quarter results. For the Old Navy brand, the company is delivering more clarity...
All artificial intelligence (AI) systems are software, but not all software is AI. At least, not yet. Embracing the AI-ification of everything was the theme of accounting and tax software provider Intuit Inc.’s Q1 2025 earnings call on Thursday (Nov. 21), where executives highlighted the...
