Data by Industry within Retail Sector
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Marketcap |
Revenues (TTM) |
Net Income (TTM) |
Employees |
| Industry |
(Millions) |
(Millions) |
(Millions) |
Number |
| Retail Apparel Industry |
$ 173,864 |
$ 165,057 |
$ 9,116 |
1,076,821 |
| Internet, Mail Order & Online Shops Industry |
$ 1,407,481 |
$ 694,157 |
$ 3,972 |
1,835,723 |
| Department & Discount Retail Industry |
$ 18,938 |
$ 58,073 |
$ 2,018 |
343,900 |
| Pharmacy Services & Retail Drugstore Industry |
$ 235,315 |
$ 1,254,948 |
$ 4,324 |
861,018 |
| Grocery Stores Industry |
$ 85,755 |
$ 425,998 |
$ 13,467 |
954,100 |
| Home Improvement Industry |
$ 568,394 |
$ 317,398 |
$ 28,887 |
990,591 |
| Specialty Retail Industry |
$ 116,016 |
$ 262,769 |
$ 4,597 |
687,508 |
| Technology Retail Industry |
$ 39,647 |
$ 102,563 |
$ 1,881 |
103,200 |
| Automotive Aftermarket Industry |
$ 684,629 |
$ 307,751 |
$ 10,948 |
516,231 |
| Wholesale Industry |
$ 939,839 |
$ 1,244,428 |
$ 39,373 |
3,824,301 |
| Retail Sector |
$ 4,269,878 |
$ 4,833,141 |
$ 118,583 |
11,193,393 |
Recent News from Retail Sector |
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United Natural Foods Inc
United Natural Foods Inc (UNFI) faced a shortfall during the May to July 2023 interval, with a per-share deficit of $-1.15 compared to $0.64 the previous year. The income per share also fell from $0.12 in the previous quarter. Despite this, the company's revenue saw a minimal growth of 1.98%, reaching $7.42 billion from $7.27 billion in the same quarter a year ago. However, sequentially, the revenue decreased by -1.199% from $7.51 billion.
To understand UNFI's performance in the fourth quarter of 2023, it is essential to examine the average behavior of the Grocery Stores sector. It becomes evident that UNFI falls behind its peers, as they reported a business rise of 8.13% from the fourth quarter of 2022. In the May to July 29, 2023 interval, UNFI experienced a net shortfall of $-67.000 million, compared to a bottom line of $41.000 million achieved in the same quarter the previous year.
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Dividend
FREMONT, Calif. and CLEARWATER, Fla. - TD SYNNEX (NYSE: SNX), a leading provider of business process services, today announced its financial results for the fiscal third quarter ended August 31, 2023. Despite experiencing a decline in revenue compared to the previous year, TD SYNNEX maintains its position as a strong player in the retail sector.
In the fiscal 2023 third quarter, TD SYNNEX reported a revenue of $13,960.6 million, showcasing a decrease of 9.1% compared to Q3 of the previous year. Additionally, the company's non-GAAP gross billings reached $18,583.6 million, indicating a decrease of 6.9% from the same period in the previous year. However, TD SYNNEX managed to achieve a growth in gross profit, reaching $971.3 million, a 6% increase compared to Q3 of the previous fiscal year.
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Rave Restaurant Group Inc
Rave Restaurant Group Inc has recently announced its fourth quarter earnings for 2023, with earnings per share (EPS) of $0.04 and revenue of $2.97 million. While the company's income fell sharply by $0.04 per share compared to the previous financial period, it is important to note that revenue actually rose by 7.97% during the same period.
In Q3, both revenue and EPS showed positive growth, with revenue advancing by 2.626% from $2.97 million and EPS increasing by an impressive 124.3% from $0.02 per share. However, earnings for the fiscal fourth quarter of 2023 experienced a significant decline of -90.64% from the corresponding period a year ago. Despite this setback, Rave Restaurant Group Inc has shifted its focus towards improving sales, which has resulted in a net margin of 20.83%. Additionally, operating earnings rose by a remarkable 293.82% to $1.784 million.
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Arion Group Corp
Arion Group Corp, a renowned company in the industry, has recently revealed its revenue for the period of May to July 31, 2023, which amounted to an impressive $0.083 million. This marks a significant improvement compared to the same reporting period in the previous year, where the company reported a net deficit of $-0.027 million.
The positive financial performance displayed by Arion Group Corp highlights the effectiveness of their strategic plans and management decisions. Despite the challenges faced during the reporting period, the company has demonstrated resilience and adaptability, resulting in a remarkable turnaround in their financial figures.
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Stitch Fix Inc
Stitch Fix Inc is a popular online styling service that has seen a decline in its business recently, resulting in an increase in its deficit for the most recent fiscal period. The company's deficit per share grew to $-0.23 from $-0.89, while its revenue fell by -22.205% to $374.90 million from $481.90 million a year prior.
The decline in revenue is not reflective of the overall performance of the Internet, Mail Order and Online Shops sector, which recorded a revenue gain in the fourth quarter of 2023. In contrast, Stitch Fix Inc experienced a decrease in revenue of -5.069% from $394.91 million in the previous quarter. Additionally, the company's deficit per share increased from $-0.19 in the third quarter.
However, there have been some positive developments for Stitch Fix Inc. In the period from May to July 29, 2023, the company reported a net deficit of $-28.659 million, which is a significant improvement compared to the deficit of $-96.342 million in the same quarter a year ago. This indicates that the company is making progress in managing its finances more effectively.
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Kindcard Inc
The stock market is a volatile space that constantly reacts to companies' financial performances. One such company, Kindcard Inc, recently released its financial reports for the second quarter of 2024. While the company achieved balanced books, other factors indicate potential challenges and future opportunities. Let's delve into some interesting facts and observations from these reports.
Balanced Books and Steady Share Results
Kindcard Inc achieved balanced books in the financial second quarter of 2024, with the company reaching $0.00 per share. This is consistent with the previous year's results but is notable as it demonstrates the company's ability to maintain its financial standing. When compared to the preceding quarter, there was no significant change in share value.
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Kaival Brands Innovations Group Inc
Kaival Brands Innovations Group Inc (KAVL) has been showing promising growth in recent trading days, with a solid gain of 5.22% over the past five trading days. Looking at a larger time frame, the stock has improved by an impressive 24.4% over the past 30 days. Additionally, KAVL stock is currently trading at a significant 30.6% above its 52-week low, indicating positive investor sentiment.
However, it is important to analyze the financial performance and key metrics of the company to gain a deeper understanding of these stock gains. In the fiscal period closing July 31, 2023, Kaival Brands Innovations Group Inc reported a break-even of $0.00 per share. This is the same as the previous year and the preceding quarter. While maintaining stability in earnings is positive, it is also important to consider revenue growth.
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Dividend
FRAMINGHAM, Mass. - The TJX Companies, Inc. (NYSE: TJX), a leading off-price retailer of apparel and home fashions, has recently declared a quarterly dividend of $.3325 per share on its common stock. The dividend is scheduled to be paid on November 30, 2023, to shareholders of record as of November 9, 2023.
The announcement came as a positive development for shareholders, who eagerly await receiving their dividend payouts. This move reflects TJX's commitment to generate value for its investors, even amidst a challenging business landscape. By rewarding shareholders with dividends, the company demonstrates its financial stability and confidence in its long-term growth prospects.
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Vince Holding Corp
Vince Holding Corp, a leading retail apparel company, recently reported its financial second quarter results for 2023, showcasing a significant improvement in its performance compared to the previous year.
During the second quarter of 2023, Vince Holding Corp turned its previously negative earnings per share (EPS) around to a positive $2.36 per share. This is a remarkable improvement from the negative EPS of $-1.23 per share recorded a year ago. Additionally, the company also witnessed a positive shift in its net profit per share, which turned from a negative $-0.03 per share in the preceding reporting period to a positive value.
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Ipower Inc
Ipower Inc, a Home Improvement company, recently released its financial results for the fourth quarter of 2023. The company witnessed both positive and negative trends, which have various implications for its future operations and growth prospects.
1. Stock Performance:
Ipower Inc's stock experienced a 21.85% increase over the past five trading days, signifying investor confidence and positive market sentiment. However, when compared to the previous year, the stock declined by 2.55%. Despite this setback, the stock is currently trading on the NASDAQ at 23% above its 52-week average, indicating a potential bullish sentiment among traders.
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