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Article Date: September 2021
Word Count: 1152

Revenue and Earnings Gains Continue Into Q2

Industry revenues soared 60% in the second quarter to $53,115.3 million this year from $33,144.5 million in 2020, and profits were also much improved, coming in at $5,680.8 million against an aggregate loss of $1,642.6 million. In the second quarter last year, retailers were beginning to come back from the initial Covid lockdowns, but apparel, footwear and equipment companies were mostly still reeling, with many taking charges for impairments or bad debt. All but two companies reported a profit this year, while only 24 were in the black a year ago. In total, Return on Sales rebounded to an impressive ... Log in to view full article.


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