Earnings

Why Blue Apron’s profitability likely won’t last beyond the pandemic

Blue Apron recorded its first profitable quarter since going public three years ago. However, the meal kit service's luck is likely to end here, as mounting struggle to retain customers and the costs of attracting new ones continue. For its third quarter outlook, the company plans to ramp up marketing dollars again, in hopes of attracting new customers, and that likely will come at the cost of current profits.

Latest Stories

  • JUN 12, 2020

    Despite sales dip, Lululemon’s digital investments helped cushion the blow

    Lululemon's sales dropped 17% this quarter compared to the year before. Still, it was able to focus on its digital programs after retail stores had to abruptly close. While the results weren't pristine, the athleisure brand did illustrate why investing in digital fulfillment and engagement helped offset some of the headwinds felt by the global pandemic.

  • JUN 02, 2020

    Dick’s Sporting Goods’ e-commerce investments paid off during store closures

    Dick's Sporting Goods has benefitted some from its product being in high demand. But the company also benefitted from investments it has previously made in its e-commerce business. Case in point, the company said during its first quarter earnings that online sales were up 110% during the quarter, thanks in large part to the rollout of a curbside pickup service in response to store closures.

  • JUN 01, 2020

    How Williams Sonoma’s digital bets made it a coronavirus winner

    Williams-Sonoma recorded e-commerce comps exceeding 31%. While the numbers are big, they're not terribly surprising. The home goods company has invested in digital programs for years -- beginning as far back as 1998. Now, those bets are paying off. What's more, Williams-Sonoma invested more in new digital tools when the coronavirus first hit. Compared to other big retailers, these results show when digital investment really pays off.

  • MAY 20, 2020

    Despite profit hit, Home Depot proves out its digital bets

    Home Depot saw a huge revenue spike this past quarter -- as well as many more customers utilize its digital offerings. This is a long time company for the home improvement retailer. It has spent many years bolstering its digital infrastructure but hadn't yet seen the fruits of those labors. We now see why the investment paid off.

  • MAY 19, 2020

    Walmart’s logistics investments are paying off during the coronavirus outbreak

    Walmart has proven to be one of the retail winners over the last couple of months, as both its stores and its website drew strong sales. During its first quarter earnings on Tuesday, Walmart reported that total revenue was $10.7 billion, up 8.6% year-over-year. The past couple of months have shown just how far Walmart has come in building an e-commerce behemoth.

  • APR 30, 2020

    Amazon revenue is up, but the coronavirus will eat into its entire $4 billion profit

    Amazon's sales went up during the first quarter of this year, but so too did costs. This certainly has to do with the coronavirus -- as do the plans to re-invest all of its profits into the business. The company's latest earnings report shows that even the industry leaders have some cracks in the business.

  • FEB 27, 2020

    ‘Our e-commerce business is under repair’: Lowe’s website continues to struggle

    On big-box retailer Lowe's fourth quarter earnings call today, CEO Marvin Ellison acknowledged that the company's website is "still under construction." That statement isn't often uttered by retail executives in 2020. But Lowe's is still in the process of upgrading a website that was built on a decade-old tech stack.

  • FEB 18, 2020

    Walmart’s earnings show the limits of relying on grocery for growth

    During its fourth quarter earnings report on Tuesday, Walmart once again reported strong growth in its online grocery business, which has become the crux of its e-commerce strategy in recent years. But the company was also hurt by weak sales in toys, apparel and gaming.

  • DEC 05, 2019

    ‘An act of desperation’: Why Madewell’s IPO won’t solve J.Crew’s bigger problems

    J.Crew just announced that it's received investor approval to part ways with Madewell. This is certainly a way for the retailer to pay down its massive debt load, but it won't solve the bigger problems facing the aging brand.

  • NOV 21, 2019

    How Target’s private label strategy is boosting its margins

    Target reported better-than-expected earnings results, and its stock has been soaring. Much of its recent success was thanks to its growing private label program, which gave the retailer better margins. The question remains whether the company can sustain this momentum as it scales more lines.

  • NOV 20, 2019

    Home Depot’s digital investments are not paying off as expected

    In 2017, Home Depot unveiled "One Home Depot," which called for the company to invest $5.4 billion over the next three years to improve e-commerce capabilities, add more fulfillment capabilities like buy online, pickup in-store, and to redesign the website for its business-to-business customers, which the company refers to as "Pros." In return, Home Depot expected sales to hit $120 billion by 2020. But, Home Depot is finding that it's taking longer than expected to roll out some of its new capabilities.

  • AUG 21, 2019

    As digital sales increase, Target is looking for ways to ensure its stores can fulfill orders efficiently

    Target's strategy of using its stores to fulfill orders placed online continue to drive an increase in both digital sales and foot traffic. Now, as Target has remodeled the majority of its stores to ensure they can effectively serve as fulfillment centers, its eyeing additional investments in automation and employee training to ensure it can keep up with digital sales growth.

  • AUG 02, 2020
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Modern Retail Virtual Forum
Aug 10–Aug 11, 2020

At the Modern Retail Virtual Forum, we’ll bring together senior retail marketers online to discuss the challenges they’re facing and the solutions they’re seeking in the era of smarter retail.

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