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.
According to the United States Census Bureau, advance estimates of U.S. retail and food services sales for May 2017, adjusted for seasonal variation and holiday and trading-day differences, but not for price changes, were $473.81 billion, a decrease of 0.3% from April but up 3.8% from May 2016.
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.
Douglas Quikut has expanded its Ginsu brand’s sales focus to include Canada and the Caribbean. The company is partnering with PremStar Inc. on sales in those regions.
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.