As Kroger grows its digital engagement, the grocery giant is setting its sights on omnichannel shoppers to boost spending. On a call with analysts Thursday (March 7) discussing the United States’ leading pure-play grocer’s fourth-quarter and full-year fiscal 2023 financial results, CEO Rodney McMullen spoke...
Big Lots will continue its “extreme bargains” campaign into 2024 as it looks to improve sales. The discount retailer on Thursday (March 7) released earnings that showed its comparable sales down 8.6%, following a 13.2% drop in the prior quarter. Back then, President and CEO Bruce Thorn spoke of...
The Honest Company is seeing digital drive sales growth at a time when consumers are pulling back on spending at traditional retailers. The consumer goods company, which began in baby care and now also sells merchandise in categories such as beauty, personal care, wellness and household...
Nuvei’s fourth-quarter results showed that the company is seeing double-digit growth in demand and momentum from enterprise clients, and in the B2B and ISV-related businesses. The company’s shareholder letter detailed that total volumes were up 59% to $203 billion for 2023, and up 53% in the...
As Nordstrom looks to return its full-priced banner to revenue growth, the department store chain is turning to digital technology to meet upscale shoppers’ increasing demand for convenience. The retailer announced Tuesday (Mar. 5) in its fourth quarter fiscal 2023 financial results that its premium Nordstrom banner...
Business travel, once a stalwart of corporate existence, has been taxiing on the post-COVID runway. But the strong financial results posted by American Express Global Business Travel (Amex GBT) on Tuesday (March 5) for the fourth quarter and full year ending Dec. 31 point to hopes...
Target is revamping its Target Circle program to look more like, say, an Amazon Prime or a Walmart+ — a move that comes as same-day delivery sales rise, while other channels take a hit. The retail giant announced Tuesday (March 5) alongside its fourth-quarter and full-year fiscal 2023 earnings results that it is transforming...
Digital banking/finance platform Dave says its customers are seeking extra cash. More accurately, they’re seeking ExtraCash, the company’s cash advance program, which saw disbursements jump by double digits since last year, Dave said when announcing its quarterly and year-end earnings Tuesday (March 5). The company’s most recent quarter...
As Stitch Fix takes a hit amid its ongoing transformation, the online personal styling service is using its comprehensive insights about its customers to drive loyalty going forward. The company shared in its second-quarter fiscal 2024 earnings results Monday (March 4) that net revenue was down 18% year over...
