The market for home furnishings is “likely getting worse before it gets better.” So said RH Chairman and CEO Gary Friedman Wednesday (March 29) during the luxury home furnishings company’s quarterly earnings call. Persistent inflation, record-high interest rates, an underperforming stock market, an unexpected banking crisis and a 45%...
Although they currently account for only 10 of its total portfolio of 722 physical locations under its many brands, Macy’s CEO Jeff Gennette can’t stop talking about the big opportunity he sees in these comparatively little stores. Specifically, the company’s eight Market by Macy’s and two Bloomies locations that...
For ACI Worldwide, software and platform as a service remain steady growth businesses. In the company’s most recent earnings results on Wednesday (March 1), ACI said that SaaS and PaaS fees gained 7.8% year on year to $205.8 million. Thomas Warsop, interim president and CEO, said...
As it moves to shed issues related to a key customer loss in 2022 — believed to be Kroger — GoodRx got busy late last year, adding partnerships, integrating technologies, and taking steps to avoid a repeat of what is cryptically referred to as “the...
February 06, 2020
The year 2020 is off to a rocky start for food delivery platform Grubhub. Shortly after the new year began, rumors started circulating that Grubhub — facing increasingly stiff competition in a crowded food delivery service market — was actively seeking a buyer, as it had seen falling market share and rising costs. Reports indicated […]
January 31, 2020
Back to the trillion-dollar club they go. Amazon’s stock price shot up in after-hours trading, as the eCommerce company blasted past expectations when it announced its Q4 earnings results. Its...
January 30, 2020
PayPal put on a strong finish to 2019, managing to beat analyst estimates nearly across the board in terms of revenue, active usership and total payments volume processed. However, despite...
October 25, 2019
In the continued drive to become a "network of networks," Visa finishes its fiscal year with payment volumes up 9 percent, cross-border payment volumes up 7 percent and B2B volumes...
March 30, 2023
The market for home furnishings is “likely getting worse before it gets better.” So said RH Chairman and CEO Gary Friedman Wednesday (March 29) during the luxury home furnishings company’s quarterly earnings call. Persistent inflation, record-high interest rates, an underperforming stock market, an unexpected banking crisis and a 45% year-on-year drop in luxury home sales have taken a toll […]
May 26, 2020
Jamie Dimon, CEO of J.P. Morgan Chase, expressed hope that the economy will improve and unemployment will ease in the second half of the year after hitting levels near the...
March 05, 2020
Dollar Tree’s fourth-quarter earnings were better than expected, as the company continues its upgrades to the Family Dollar portfolio and launches new initiatives, per reports. The discount retailer said it...
February 26, 2020
As Lowe’s homes in on growing online shopping and bringing in more professional contractors and homebuilders, the home improvement retailer registered mixed Q4 results. Its shares increased 1.4 percent in...
