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.
comparable store 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.
Ace Hardware reported an increase in net income and a dip in comparable store sales during the first quarter.
Home Depot remained a bright spot in the retail sector in the first quarter, building strong comps, sales and earnings.
HomeGoods provided a lift in a first quarter, ended April 29, in which The TJX Cos. posted net income of $536.3 million, or 82 cents per share, versus $508.3 million, or 76 cents per diluted share, in the period a year earlier.
In what Hudson’s Bay characterized as a difficult first quarter, the retailer reported that its consolidated comparable sales slipped 2.9%.
Sally Beauty’s recent restructuring program impacted its second quarter, which experienced a decline in earnings and sales.
Fred’s reported a soft first quarter, although the retailer saw some improvement in its April results.