NRF Calls Passage of ‘Historic’ Tax Reform a Major Victory for Retailers

The National Retail Federation has led the retail industry’s fight for tax reform for years, calling on Congress to eliminate tax breaks that benefit only some industries and to use the revenue saved to lower rates for all companies, including small businesses. Today they got their wish. Following the House and …

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Stitch Fix Beats Expectations with Q1 Earnings But Stocks Tumble

All eyes have been on subscription-model e-tailer Stitch Fix since its $120 million IPO last month. Adjusted earnings finished up at 4 cents per share during Q1, beating the 3 cents projected by Wall Street. Despite the increase, those figures dropped 71.4% year-over-year from last year’s 14 cents per share. …

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