Retail & Ecommerce Archives - Bloomberg Second Measure

How did sales growth during Walmart Plus Week compare to that of Amazon Prime Day 2023?

In July 2023, Walmart and Amazon.com held their respective sales events—Walmart Plus Week (July 10-13) and Amazon Prime Day (July 11-12). Bloomberg Second Measure’s consumer transaction data shows that Amazon.com Inc (NASDAQ: AMZN) experienced double-digit week-over-week growth in U.S. consumer sales during the week of Amazon Prime Day 2023. Meanwhile, ahead of Walmart Inc’s (NYSE: … Continued

Michal Kaczmarski — 15 Aug 2023

Amid decreased consumer spending on electronics, Best Buy’s average sales per customer still surpasses pre-COVID levels

In its recent fourth quarter earnings call, Best Buy Co Inc (NYSE: BBY) projected another year of lower consumer spending on electronics. The electronics retailer saw strong consumer sales in the early months of the COVID-19 pandemic, as work-from-home policies drove spending on home office equipment. More recently, however, Best Buy has experienced challenges related … Continued

Janine Perri — 11 Apr 2023

Ollie’s Bargain Outlet’s sales growth exceeded discount and big-box competitors in early 2023

Amid soaring inflation, many consumers have been turning to lower-price retailers—including discount grocers, big-box stores, and dollar stores—to shop for essential items without breaking the bank. Ollie’s Bargain Outlet (NASDAQ: OLLI), a discount closeout retailer that sells a range of products such as food, clothing, electronics, automotive, and home goods, has reportedly seen similar increases … Continued

Janine Perri — 03 Apr 2023

As shoe retailers kick off new growth strategies, transaction data projected earnings surprises for Foot Locker and Nike

On March 20, 2023, Foot Locker Inc (NYSE: FL) reported fourth quarter revenue that exceeded investors’ expectations and remained relatively consistent compared to the year before. The day after Foot Locker’s earnings call, Nike Inc (NYSE: NKE) also announced an earnings surprise for its third fiscal quarter of 2023. Bloomberg Second Measure’s transaction data correctly … Continued

Janine Perri — 22 Mar 2023

Bloomberg Second Measure data beat consensus estimates for Burlington three holiday quarters in a row

Amid a highly-anticipated earnings season for retailers, off-price chain Burlington (NYSE: BURL) reported earnings that beat investors’ expectations in the fourth quarter of 2022. Ahead of Burlington’s holiday quarter earnings announcement, Bloomberg Second Measure transaction data projected $2.78 billion in revenue—within two percent of Burlington’s reported revenue—while the mean consensus estimate was more than 5 … Continued

Janine Perri — 06 Mar 2023

Ahead of Target’s earnings call, transaction data projected a Q4 revenue increase

After months of challenges related to excess inventory as well as changing consumer trends amid high inflation, Target Corporation (NYSE: TGT) surprised investors with its announcement that its revenue for the fiscal quarter ending on January 28, 2023 (FY22 Q4) increased 1 percent compared to the previous year. While consensus expected sales to drop year-over-year, … Continued

Janine Perri — 01 Mar 2023