Sears and Kmart comps continued to plunge in the first quarter, although Sears Holdings did post a profit based on its cost cutting and restructuring efforts.
Lowe’s first quarter sales were up double-digits, but the home improvement retailer reported declines in net earnings and earnings per share.
Strength in the West Elm and Williams Sonoma retail brands were cited as key drivers of first quarter sales growth at Williams Sonoma, Inc.
Best Buy reported a solid start to its fiscal year as strong growth in gaming and mobile along with double-digit gains in online sales were cited by company officials as key drivers.
Fourth quarter sales at The Container Store were up, as the specialty retailer’s custom closets business coupled with an enhanced focus on targeted marketing campaigns were cited as key drivers.
Kirkland’s pointed to a slow February resulting in a comparable store sales decline in the first quarter. The retailer’s chief financial officer has also resigned.
Ace Hardware reported an increase in net income and a dip in comparable store sales during the first quarter.
Total revenue at Overstock.com gained in the first quarter, but the company posted a loss due to its Medici Ventures blockchain distributed database operation.
Stein Mart saw its comps slide in a soft first quarter.
Ross Stores posted a strong first quarter, with both earnings and sales gaining.