In a preliminary estimate, Rent-A-Center announced that core comparable store sales in the United States for the three months ended December 31 tumbled by 14%.
Supervalu posted a net loss in its third quarter, following the recent sale of its Save-A-Lot business.
Walgreens gained slightly in the first quarter as the company awaits the approval of its acquisition of Rite Aid.
Rite Aid posted a soft third quarter following the news that it would sell 865 stores to Fred’s to pave the way for its merger with Walgreens.
As the economy enjoyed a post-election bounce, Pier 1 Imports reported earnings and comparable sales gains, and the company announced who would serve as interim president and CEO when its serving chief executive departs on December 31.
99 Cents Only Stores improved its results in the third quarter, marked by a slight comp gain and a lower net loss.
Conn’s posted a net loss and declining comparable store sales in a challenging third quarter, although it beat analyst estimates.
Fred’s posted a steep loss in its third quarter, as the retailer was impacted by charges related to inventory and store closings.
Restoration Hardware’s continued retooling of its business model produced a challenging third quarter, and the retailer lowered its fourth quarter outlook.