Kroger struggled in the first quarter as the supermarket retailer faced increasing price pressure from its grocery store competition.
Faced with continuing losses, Sears Canada warned that it may not be able to live up to its financial obligations and faces an uncertain future.
It was a sluggish first quarter for Michaels Companies, which reported flat net sales and a slip in comps, although net income edged up.
Neiman Marcus posted a deeper net loss and a decline in sales for its third quarter, while media reports indicated that the struggling retailer had shelved plans regarding the sale of the company.
As Fred’s continues to see improvements in pharmacy sales and a positive impact from front of store remodels, these factors were still not enough to allow the company to grow sales in the first quarter.
At Home continued its positive growth momentum in the first quarter, with a jump in net sales and comps as the home décor retailer continues to expand.
First quarter net sales at Conn’s were down double-digits, but the company reported a smaller net loss for the period ended April 30.
Restoration Hardware (RH) touted its transformation efforts in the first quarter, reporting a narrower net loss and a jump in sales.
As Dollar General completes the purchase of 322 additional store locations from Dollar Express, the retailer beat Wall Street profit and sales estimates in the first quarter.
True Value pointed to unfavorable weather as a key factor for a sales decline in its first quarter.