FINANCE

Costco Q3 comps up 6.6%, e-commerce soars 21%; set to open nine new U.S. clubs
Costco Wholesale Corp. turned in another strong quarter with earnings, revenue and same-store sales that beat Wall Street expectations amid gains in traffic and discretionary purchases.
Gap smashes revenue, profit estimates; post comp sales gains across all brands
Gap Inc. reported a much better than expected first quarter and raised its full-year outlook amid evidence that CEO Richard Dickson’s efforts to turnaround the company are taking hold.

Foot Locker Q1 profit tops estimates as turnaround efforts continue

Foot Locker reported better-than-expected profit and comparable sales for its first quarter amid signs that its turnaround plan may be starting to take hold.
Forrester: Global e-commerce to approach $7 trillion by 2028

A new Forrester forecast is bullish on e-commerce’s growth trajectory during the next four years.
Kohl’s swings to loss, cuts forecast; maintains ‘high conviction’ in strategy

Kohl’s Corp. reported a disappointing first quarter with both top- and bottom-line declines amid efforts to improve its merchandise offerings.
Dollar General beats expectations amid traffic increase; increasing store remodels

Dollar General reported better-than-expected profit and sales for its first-quarter as more customers shopped its stores for groceries and other essentials.
Dollar Tree acquires leases for 170 of 99 Cents Only’s stores — along with IP

Another ultra-value retailer is expanding its footprint with locations that formerly housed 99 Cents Only Stores.
Dick’s Sporting Goods Q1 tops estimates; raises outlook amid ‘robust’ demand

Dick’s Sporting Goods reported a strong first quarter as transactions increased and the average ticket value rose.
Abercrombie & Fitch posts record quarter as profit soars, sales top $1B

Abercrombie & Fitch Co. maintained momentum in its first quarter with results that smashed expectations as the apparel retailer continues to outperform others in its sector.
Walmart ends credit card partnership with Capital One

After six years, Walmart is changing how it manages its store credit card program.

Costco Q3 comps up 6.6%, e-commerce soars 21%; set to open nine new U.S. clubs

Gap smashes revenue, profit estimates; post comp sales gains across all brands

Foot Locker Q1 profit tops estimates as turnaround efforts continue

Forrester: Global e-commerce to approach $7 trillion by 2028

Kohl’s swings to loss, cuts forecast; maintains ‘high conviction’ in strategy

Dollar General beats expectations amid traffic increase; increasing store remodels

Dollar Tree acquires leases for 170 of 99 Cents Only’s stores — along with IP

Dick’s Sporting Goods Q1 tops estimates; raises outlook amid ‘robust’ demand

Abercrombie & Fitch posts record quarter as profit soars, sales top $1B

Walmart ends credit card partnership with Capital One