JCPenney’s shares plummeted 12 percent as a result of disappointing Q3 financial results. According to Fortune, the retailer reported that comparable sales fell 5.4 percent in the third fiscal quarter, worse than the 0.8 percent decline analysts expected. The company also reported a loss of...
Nordstrom’s stock was under pressure Thursday (November 15) after the department store operator posted third-quarter results that missed its projections and disclosed it overcharged some of its credit card customers. According to a report in CNBC, for its third quarter, Nordstrom wrote down $72 million in...
Walmart is apparently expecting the holiday season to be merry and bright in 2018, with raised expectations for the full year following a third quarter with stronger-than-expected earnings. As was the case in the previous quarter, eCommerce sales and grocery were big winners for Walmart,...
Double-digit transaction growth and strength in Europe boosted Visa’s earnings beyond the Street’s expectations, while management also gave the lift to expected revenue growth going forward. Internationally, Europe stood out — even the U.K., post Brexit — and China looms as a market devoutly to be...
July 21, 2017
Double-digit transaction growth and strength in Europe boosted Visa’s earnings beyond the Street’s expectations, while management also gave the lift to expected revenue growth going forward. Internationally, Europe stood out — even the U.K., post Brexit — and China looms as a market devoutly to be wished. Visa Checkout also gained traction, according to CEO Al Kelly, to 23 million users in a world where cashless is going more mainstream and commerce-enabling platforms (not wallets) are becoming increasingly important.
December 28, 2018
The online retail market hit $186.13 billion during the third quarter, with Alibaba in the dominant position. According to a report in The Drum, Alibaba’s Tmall controlled 59.5 percent of the market share in China during the third quarter. In second place was eCommerce rival JD.com, which The Drum reported ended the third quarter with […]
November 16, 2018
JCPenney’s shares plummeted 12 percent as a result of disappointing Q3 financial results. According to Fortune, the retailer reported that comparable sales fell 5.4 percent in the third fiscal quarter,...
November 16, 2018
Nordstrom’s stock was under pressure Thursday (November 15) after the department store operator posted third-quarter results that missed its projections and disclosed it overcharged some of its credit card customers. According...
December 23, 2016
The economy is on an upward trajectory, with the Bureau of Economic Analysis reporting real gross domestic product increased at an annual rate of 3.5 percent in the third quarter...
