SEATTLE – Amazon on Thursday reported a profit of $5.2 billion in the second quarter as net sales soared 40% year on year to $88.9 billion. Amazon’s stellar results were announced on the same day the government reported that the U.S. economy, as measured by gross domestic product, fell 9.5% in the second quarter, as
ISSAQUAH, Wash. — Costco Wholesale Corp. posted sales of $36.45 billion for its third quarter ended May 10, a 7.3% increase over the comparable period in 2019. Same store sales, adjusted to exclude the impacts of fuel sales and the effects of currency changes, increased 8% in the United States and 7.8% for the entire
MINNEAPOLIS — Target Corp. on Wednesday posted fiscal third-quarter profits and sales that exceeded expectations. The retailer also raised its forecast for fourth-quarter sales and full-year earnings. Target earned $1.04 per share in the third quarter on sales of $16.4 billion. Analysts had expected earnings of 83 cents a share on $16.3 billion in revenue,
MEMPHIS, Tenn. — Sales continued to slump at Fred’s Inc. as the company posted declines for October. Fred’s said Thursday that revenue for the four weeks ended Oct. 29 totaled $157.3 million, down 4.2% from $164.2 million a year earlier. Same-store sales decreased 3.4%, compared with a 2.3% uptick a year ago. “While we continue
WASHINGTON – Americans are expected to spend a record $17.3 billion on Easter-related merchandise this year, according a National Retail Federation survey conducted by Prosper Insights and Analytics. That works out to an average of $146 for each person who plans to celebrate the holiday, which is the highest figure in Easter Spending Survey’s 13