Retail Sales

By Siddharth Cavale and Arriana McLymore

NEW YORK (Reuters) -Major U.S. retailers that recently scrambled to restock shelves amid product shortages disclosed this week that their stores are now packed with too much merchandise, and some are even doing what was unthinkable just a few months ago: discounting unsold goods.

It's a sign of possible more trouble to come for retailers amid soaring inflation and higher gas prices. With shoppers'... (continue reading...)

Costco (Nasdaq: COST) reported net sales of $21.61 billion in March (five weeks ended April 3, 2022), which represents an 18.7% year-over-year growth.

Comparable sales for March increased by 17.2%, reflecting an improvement of 19.1%, 15.7%, and 8.4% in the United States, Canada, and Other International locations, respectively. Excluding the impacts of changes in gasoline prices and foreign exchange, comparable sales rose 12.2% on improvements of 12.7%, 12.2%, and 10.1%... (continue reading...)

Urban Outfitters (NASDAQ: URBN) reported Q4 EPS of $0.41, $0.09 worse than the analyst estimate of $0.50. Revenue for the quarter came in at $1.33 billion versus the consensus estimate of $1.33 billion.

Total Company net sales for the three months ended January 31, 2022, were a record $1.33 billion. Net sales increased 13.9% compared to the three months ended January 31, 2020. Comparable Retail segment net sales increased 14%, driven by strong double-digit growth in... (continue reading...)

Costco Wholesale Corporation (Nasdaq: COST) announced its monthly net sales results today, according to which the company’s December (the five weeks ended January 2, 2022) net sales grew 16.2% year-over-year to $22.24 billion. For the 18 weeks ended January 2, 2022, the company’s net sales came in at $76.34 billion, representing a 16.6% year-over-year growth.

Comparable sales for the December period rose 14.5% for the total company, with the U.S. gaining 15.9%,... (continue reading...)

Costco Wholesale Corporation (“Costco” or the “Company”) (Nasdaq: COST) today reported net sales of $22.24 billion for the retail month of December, the five weeks ended January 2, 2022, an increase of 16.2 percent from $19.14 billion last year.

For the 18 weeks ended January 2, 2022, the Company reported net sales of $76.34 billion, an increase of 16.6 percent from $65.47 billion last year.

Comparable sales were as follows: