logo
Descartes Systems: Fiscal Q1 Earnings Snapshot

Descartes Systems: Fiscal Q1 Earnings Snapshot

WATERLOO, Ontario (AP) — WATERLOO, Ontario (AP) — The Descartes Systems Group Inc. (DSGX) on Wednesday reported profit of $36.2 million in its fiscal first quarter.
The Waterloo, Ontario-based company said it had net income of 41 cents per share.
The logistics provider posted revenue of $168.7 million in the period.
_____

Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

Popular HomeGoods rival shuttering dozens of locations
Popular HomeGoods rival shuttering dozens of locations

Miami Herald

time24 minutes ago

  • Miami Herald

Popular HomeGoods rival shuttering dozens of locations

Retail businesses are shutting down at a rate so alarmingly fast in 2025, you may feel like you could blink and realize another has vanished. Perhaps the saddest story of a brand that called it quits in 2025 so far is Joann, a craft and fabric store beloved by its loyal customers. Joann was founded in 1943, so after 82 years of business, it was a shame to watch it close its doors. Don't miss the move: Subscribe to TheStreet's free daily newsletter Another chain that was incredibly strange to see go was Party City. After 40 years in business, the retailer announced in December 2024 that it would file for bankruptcy and cease operations. Related: Major retailer scores huge benefit from Joann bankruptcy At Home is the most recent major retail chain to file for bankruptcy, announcing it would close 26 underperforming stores by September 30. However, the business hasn't winked out of existence yet, as it's just entered into a Restructuring Support Agreement (RSA) with lenders holding more than 95% of its debt to eliminate the nearly $2 billion in funded debt and provide financing of $200 million that aims to support the retailer through its restructuring process. Now another longtime home goods store is making drastic moves to keep itself afloat in a challenging economic climate. Kirkland's (KIRK) , a Tennessee-based home good retailer that was founded in 1966 by Carl Kirkland and Robert Kirkland, has announced it will close at least two dozen of its 313 store locations. Kirkland's has not yet confirmed which locations will close. TheStreet has reached out to request more information. The closings are part of a rebranding process Kirkland's confirmed on June 17, where the company says it will change its name to The Brand House Collective. This move comes after Beyond Inc., parent company of both Bed, Bath & Beyond and Overstock, acquired Kirkland's IP in a $5 million acquisition. Related: IKEA suddenly closing more stores amid concerning customer trend While store closings typically sound like a bad thing, in this case they seem to be more of a strategic move in step with the company's other brands. Beyond plans to open the first of six Bed, Bath & Beyond Home stores in August 2025, with the first being in Brentwood, Tennessee. Some existing Kirkland stores will also be converted into Bed, Bath & Beyond Home stores, although the specific locations were not named. Kirkland's name will formally change after shareholder approval during its next annual meeting in July, which will also change its ticker from KIRK to TBHC. As consumers navigate an uncertain climate with the threat of tariffs looming, many have pulled back on nonessential purchases this year across many sectors, from food to clothing. Retail sales fell sharply in May, with sales at retail stores and restaurants dropping 0.9%, the Commerce Department reported. However, a few retailers are still seeing shoppers come their way. One is discount home retailer HomeGoods, which reported during its Q1 earnings call in May that comparable sales were up 4% year over year. "Bucking a trend in the home industry now is our home business, especially HomeGoods. We're quite proud the way they're beginning Q2 as well," TJX CEO Ernie Herrman told investors during the call. Related: Beloved local Mexican chain closes locations without warning The Arena Media Brands, LLC THESTREET is a registered trademark of TheStreet, Inc.

US Home Prices Hit Record High
US Home Prices Hit Record High

Newsweek

timean hour ago

  • Newsweek

US Home Prices Hit Record High

Based on facts, either observed and verified firsthand by the reporter, or reported and verified from knowledgeable sources. Newsweek AI is in beta. Translations may contain inaccuracies—please refer to the original content. House prices in the United States have hit a record high, according to real estate company Redfin. Why It Matters Home prices skyrocketed across the country during the COVID-19 pandemic, when relatively low mortgage rates and the rise of remote work spurred a surge in demand. While the pace of their growth has since slowed, home prices remain historically high and are still rising at the national level. New homes are shown Wednesday, May 27, 2009, in Happy Valley, Ore. New homes are shown Wednesday, May 27, 2009, in Happy Valley, Ore. Rick Bowmer/AP What To Know The median U.S. home-sale price reached a new record of $396,500 during the four weeks ending June 15, according to a report from real estate brokerage Redfin. This is a 1 percent increase compared to the same time last year, even though overall activity in the housing market remains low. Although prices are at an all-time high, they are rising much more slowly than earlier this year, when yearly growth was about 5 percent. The current 1 percent increase shows the pace of price growth is cooling down, reflecting ongoing problems between how many homes are available and how many people want to buy. Home-sale prices usually peak in June or July, but this year's market is much less competitive than in recent years, Redfin says. At the same time, buyers are gaining more power to negotiate, despite still facing high prices. The median sale price is now about $26,000, or 6 percent, less than the median asking price of $422,238. This is a big change from 2021 and 2022, when bidding wars pushed sale prices well above asking prices. Redfin says this shift is because there are more sellers than buyers right now. The total number of homes for sale has increased 14.5 percent from a year ago, and new listings are up 4.4 percent. However, demand is falling: pending sales are down 1.5 percent compared to last year, and mortgage-purchase applications dropped 3 percent just last week. Meanwhile, the median monthly housing payment is close to record levels, only $53 less than its highest ever, showing that many buyers still face big challenges affording a home. What People Are Saying Kelly Connally, a Redfin Premier agent, said: "I'm explaining to sellers more and more that we need to be strategic in our pricing strategy because homes that are overpriced, even slightly, are likely to sit on the market and invite buyers to negotiate. "Pricing is most important, but with fewer buyers than usual out there, sellers should also make sure their home is in excellent condition and be ready to make repairs upon inspection. There are a few exceptions: Homes in desirable locations that are in perfect condition are still hot and typically sell at or above asking price." What Happens Next With soft demand and rising inventory, Redfin forecasts that home-sale prices could begin to decline nationally before the end of the year.

Wilson Blanchard Management Raises $169,000 at 2025 WB CondoCon in Support of Associa Cares Canada
Wilson Blanchard Management Raises $169,000 at 2025 WB CondoCon in Support of Associa Cares Canada

Yahoo

time2 hours ago

  • Yahoo

Wilson Blanchard Management Raises $169,000 at 2025 WB CondoCon in Support of Associa Cares Canada

Oakville, ON, June 21, 2025 (GLOBE NEWSWIRE) -- Wilson Blanchard Management, An Associa® Company, proudly hosted its 3rd annual WB CondoCon Board Education & Tradeshow on Tuesday, June 3, 2025, at the Oakville Conference Centre. The daylong event brought together over 200 condominium board members, 100+ Wilson Blanchard team members, and 52 valued trade partners for a dynamic day of networking, learning, and giving back. This year's event raised an outstanding $169,000 CAD in support of Associa Cares Canada, an organization dedicated to providing emergency assistance to families and communities impacted by natural or man-made disasters. Since 2005, Associa Cares has distributed more than $5.6 million to over 4,200 families across North America and beyond. 'The sheer number of people it takes to organize and execute an event of this scale reaffirms what I've always believed – that Wilson Blanchard has the most dedicated team in the industry,' said Jeff Lack, CPA, CGA, President of Wilson Blanchard Management. 'We're also incredibly grateful to our vendor partners, educational speakers, and especially our client board members whose ongoing participation makes this event possible. It's truly meaningful to see our industry come together not only for education and connection but for a cause as impactful as Associa Cares Canada.' The WB CondoCon Vendor Trade Show has grown into a marquee event for the condominium industry, offering board members the chance to connect directly with service providers while gaining valuable insights from expert-led educational sessions. This year's success highlights Wilson Blanchard Management's continued commitment to strengthening communities and supporting humanitarian efforts through industry collaboration. ### About Associa With more than 300 branch offices across North America, Associa is building the future of community for more than 7.5 million residents worldwide. Our 15,000+ team members lead the industry with unrivaled education, expertise, and trailblazing innovation. For more than 45 years, Associa has brought positive impact and meaningful value to communities. To learn more, visit About Associa Cares Canada Associa Cares Canada, CRA Business # 7835112502RR0001, assists families and communities in crisis as a result of natural and man-made disasters. Donations made by Canadian residents and businesses may be tax deductible. Learn more at Since 2005, Associa Cares has distributed over $5 million to more than 3,800 families and communities in need of a helping hand. Funds donated by caring businesses and individuals are used to provide humanitarian aid, often in the form of financial grants, needed by families and communities in the aftermath of such tragedies. CONTACT: Tiffany Mershae Associa 972-661-4429 TMershae@

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into a world of global content with local flavor? Download Daily8 app today from your preferred app store and start exploring.
app-storeplay-store