Nearly 10 years after it went out of business, a former rival of Toys “R” Us may return to the scene in the wake of the toy giant’s plan to liquidate its U.S. operations.
February retail sales inched up 0.3% seasonally adjusted over January and 4.4% year-over-year as the economy continued to grow, according to the National Retail Federation.
Wage increases took a bite out of Target’s profit in the fourth quarter even as its sales surpassed Street expectations and its digital channel continued to make impressive gains.
On the surface, the results from Lowe's look somewhat disappointing: total sales are down by 1.8%, while net income dropped by 16.4%. In fact, all of this decline is because there was one less week of trading compared to last year.