Ace Hardware Reports First Quarter 2023 Results

Ace Hardware Reports First Quarter 2023 Results

  • Posted by Contributor
  • On May 25, 2023
  • NRF, Retail Sales
Ace Hardware Corporation reported first quarter 2023 revenues of $2.1 billion, a decrease of $127.4 million, or 5.8 percent, from the first quarter of 2022. Net income was $66.2 million for the first quarter of 2023, a decrease of $53.6 million from the first quarter of 2022.
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Retail Sales Rose in April as Consumers ‘Remained Engaged’

Retail Sales Rose in April as Consumers ‘Remained Engaged’

  • Posted by Contributor
  • On May 25, 2023
  • NRF, Retail Sales
Retail sales bounced back in April, showing both month-over-month and year-over-year growth, the National Retail Federation said today. “Retail sales rebounded in April, reflecting consumer resilience in the face of elevated economic uncertainty,” NRF President and CEO Matthew Shay said. “Moderating price levels, continued labor market strength and wage gains have increased consumers’ ability to spend.
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NRF Says 2022 Holiday Sales Grew 5.3% to $936.3 Billion

NRF Says 2022 Holiday Sales Grew 5.3% to $936.3 Billion

  • Posted by Contributor
  • On January 16, 2023
  • Cutting Edge Products Magazine, Holiday Sales Grew, Holiday Shopping, NRF
Retail sales during 2022’s November-December holiday season grew 5.3% over 2021 to $936.3 billion, falling short of the National Retail Federation’s forecast amid continuing inflation and high-interest rates, NRF said today. While holiday growth was less than expected, sales for the year grew 7% over 2021 to $4.9 trillion, meeting NRF’s forecast of between 6% and 8% growth for the year.
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Record 158 Million Shoppers Expected During Super Saturday

Record 158 Million Shoppers Expected During Super Saturday

  • Posted by Contributor
  • On December 15, 2022
  • Cutting Edge Products Magazine, Holiday Shopping, NRF
More than 158 million consumers are expected to shop on the last Saturday before Christmas this year, according to the annual consumer survey released today by the National Retail Federation and Prosper Insights & Analytics. This figure is approximately 10 million more than last year’s expected number of Super Saturday shoppers and the highest number since NRF first started tracking this data in 2016.
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