Several major big-box retailers and manufacturers recently released financial results. Here’s a look at how each performed in the last quarter of the fiscal year and fiscal year 2021. Lowe’s In Q4 2021, Lowe’s reported net earnings of $1.2 billion …
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This week, several Big-Box organizations released their Q3 financials, with most reporting continued sales increases in an already successful year. Lowe’s reported net earnings of $1.9 billion and diluted earnings per share (EPS) of $2.73 for the third quarter. Those …
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The Home Depot has teamed up with Walmart to expand its same-day and next-day delivery services. The home improvement company is the first retail client of Walmart GoLocal, a network that delivers products for businesses of all sizes. Through Walmart …
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Big-box retailer Walmart posted its first-quarter sales, which saw the retail giant reporting $138.3 billion in total revenue, an increase of $3.7 billion, or 2.7 percent, from the same quarter last year. Walmart follows a nontraditional fiscal year, with the …
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Major retail chains are raising their starting wages for hourly workers in the U.S., CNN reports. Costco will raise its minimum wage this week to $16 for hourly workers. The company employs roughly 180,000 people in the U.S., and about …
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At the 2021 Consumer Electronics Show® (CES), the ways technology will impact the future of retail were on full display. Featuring presentations from global retail brands, tech entrepreneurs and industry analysts, CES 2021 was a look into the future of …
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The National Retail Federation (NRF) recently hosted a webinar with Walmart U.S. president and CEO John Furner to learn how the company had pivoted during COVID-19 to ensure staff and shopper safety. In August, the company announced its second-quarter financial …
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Walmart is cutting hundreds of corporate positions as it merges its online and store businesses in the U.S., reports CNBC. The big-box retail chain has not disclosed how many corporate positions will be affected by the cuts, but the eliminated …
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