The Container Store books strong retail growth drives fiscal 4Q beat

Credit: Proactive Investors- Published on May 15, 2019
The Container Store Group Inc (NYSE:TCS) shares jumped in premarket trading after the company swung to a profit in its fiscal fourth-quarter results late Tuesday. Net income increased to $15.9 million, or $0.33 per share, from a loss of $399,000, or $0.01 per share,Β  in the year-ago quarter. That came in ahead of Street...

Credit: Wochit Business
Published on May 17, 2019 -  00:30
Retail Expected To Top $5.5 Trillion By 2020
According to new research released by Business Insider, the retail industry will boom in the future. Business Insider Intelligence estimates that retail stands to rake in $5.5 trillion dollars by the year 2020. The main source of growth is thanks to smartphones. More customers are expected to use their mobile devices to make purchases. Although in-store purchases still squash e-commerce, online sales are growing nearly four times faster than in-store ones.

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