Thanks to the coronavirus, we’ve now entered the age of social distancing, where interactions will, at least for now, be done through zeros and ones. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content...
Unicorn stock Slack Technologies, Inc. plunged as much as 25.5 percent on Friday (March 13), reaching a post-IPO low of $15.90, although it later partly recovered to end the day at $19.59, down 8.2 percent. The workplace software giant fell after unveiling a fiscal 2021...
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The stock-trading app Robinhood went down again on Monday (March 9), as the markets plummeted and then closed briefly for the first time since 1997, according to reports. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to...
Used to be that retail earnings reports were about numbers. Now they’re about viruses. That was the case yesterday as Costco announced Q4 earnings per share of $2.10 on revenue of $39.07 billion. Adjusted same-store sales grew 7.9 percent with U.S. comps up 8.1 percent,...
As Kroger aims to keep enhancing its customer connection with investments in what it calls its competitive moats, the grocer’s fourth-quarter identical sales without fuel increased 2 percent. Chairman and CEO Rodney McMullen said on an earnings conference call with analysts on Thursday (March 5)...
As Nordstrom reported fourth-quarter results that fell below analyst estimates, shares plummeted on the news – but the department store retailer highlighted a bright spot with its smaller-format stores and services. Nordstrom CEO Erik Nordstrom said in the firm’s Q4 earnings call on Wednesday (March 4), “Customers have...
Target’s Q4 earnings report was something of a mixed bag in terms of outcomes. Earnings per share came in ahead of expectations at $1.69, as opposed to the $1.65 forecast – bringing net income for the quarter to $843 million. Target reported $799 million in net income...
As its marketing plan over the holidays powered customer engagement and a double-digit increase in new customer acquisition, Kohl’s CEO Michelle Gass said the retailer enjoyed increased traffic over the period that was propelled, in part, by its Amazon Returns program. The executive noted in a fourth-quarter...
