Costco‘s latest quarterly earnings report paints a less-than-rosy picture for the warehouse club retailer. For the first time in over six years, the company reported flat growth in comparable sales and failed to meet analysts’ expectations of 1.9 percent growth, Reuters reported. The stagnation, the Washington-based...
Retail earnings may have long been looked upon as a benchmark for measuring the growth of the economy but not anymore. The shift in calibration comes as signs of weakening sales in the earnings reports of numerous major retailers were counteracted by the U.S Commerce Department report that showed a spike in...
USA Technologies, a provider of cashless and mobile transactions for the self-service retail market, has posted another strong quarter revenue-wise but still posted a loss overall. The company, which reported its third quarter yesterday (May 12), showed a revenue increase of 33 percent YOY, to...
Forget love — investments into publicly traded companies make the world go round. However, when a retailer whose performance was once seen as a bellwether for an entire vertical starts to post poor results quarter after quarter, those investments are going to be in serious...
Shares of Lending Club broke through what might be an important psychological barrier on Monday (May 9) — the $5 level — and issues that caused the stock to tumble by a third on a single day of trading have brought greater scrutiny to bear...
