As more shopping goes online, experts are asking whether the traditional same-store sales metric truly measures the financial health of retailers. “We believe the metrics need to change,” said Rod Sides, vice chairman of Deloitte. “We need to understand the sources of revenue and profitability today.” In a report, TheRead More →
(Reuters) – Target Corp (N:) beat Wall Street estimates for quarterly same-store sales on Wednesday, as the big box retailer benefited from higher online sales and an increase in shoppers at its stores, sending shares up 5% in pre-market trading. The company also raised its full-year adjusted profit forecast betweenRead More →
© Reuters. People walk past clothing stores in Ciudad Juarez MEXICO CITY (Reuters) – Mexican retailers’ association ANTAD said on Tuesday that same-store sales climbed 3.3 percent in February from the same month last year, reflecting sales at stores open for at least a year. Total sales, including newly openedRead More →
© Reuters. FILE PHOTO: The Nordstrom store is pictured in Broomfield (Reuters) – Nordstrom Inc (N:) said on Tuesday its comparable store sales during the crucial months of November and December rose 1.3 percent. The department store operator also said it now expects full-year profit to be in the lowRead More →
