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NRF predicts record holiday spending

NRF predicts record holiday spending

WASHINGTON – The National Retail Federation today forecast that holiday spending is expected to reach record levels during November and December and will grow between 3% and 4% over 2022 to between $957.3 billion and $966.6 billion.

Amazon’s Q3 results beat expectations

Amazon’s Q3 results beat expectations

Amazon.com Inc. reported third-quarter revenue and earnings that topped analysts’ forecasts, and the e-commerce giant said it expects fourth-quarter net sales to be between $160 billion and $167 billion, which would be an increase of between 7% and 12% compared with the fourth quarter of 2022.

Rite Aid files for Chapter 11 bankruptcy protection

Rite Aid files for Chapter 11 bankruptcy protection

Rite Aid Corp. on Sunday announced that it has filed for Chapter 11 bankruptcy protection as part of a voluntary restructuring plan that the company says will reduce its debt, increase its financial flexibility, and allow it to accelerate its ongoing business transformation.

WBA’s Q4 earnings fall short of expectations

WBA’s Q4 earnings fall short of expectations

DEERFIELD, Ill. –  Walgreens Boots Alliance Inc. reported fourth quarter adjusted earnings of 67 cents per share, down 17% from a year earlier and one cent shy of analysts’ forecast. Fourth quarter revenue of $35.42 topped Wall Street’s estimate of $34.56 billion.