Costco Wholesale Corp. finished a strong fiscal year with increasing momentum and locations operning in two additional countries.
As Rite Aid completed a store purchase deal with Walgreens and appointed a new president, the drug store chain saw its comparable store sales decline in the second quarter.
Second quarter net sales at Pier 1 Imports were up slightly as the company’s e-commerce sales continued to grow as a percentage of total sales.
Michaels reported an uptick in its net sales and comparable store sales during its second quarter.
Bed Bath & Beyond stumbled in the second quarter, reporting weaker net sales and earnings as well as a drop in comparable store sales.
Holiday retail sales should rise a healthy 4% to 4.5% year over year, according to Deloitte’s annual retail holiday sales forecast.
Conn’s said that Hurricane Harvey’s impact will hit third quarter results. In its second quarter, the retailer saw comps decline although it did post a profit.
In the second quarter, Kroger returned to positive identical store sales growth.
Restoration Hardware picked up the pace in the second quarter, with the retailer seeing sales growth as it continues to transform its retail stores into design galleries.