It was a challenging first quarter for Bed Bath & Beyond, as the retailer’s comps and earnings declined, although digital sales continued to grow.
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.
Following a first quarter in which retail sales were down low-single digits, Hudson’s Bay has named a new president of its Canadian division and is implementing a “transformational plan” that includes reducing 2,000 positions company wide.
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.