BJ’s Wholesale Club Maintains Momentum In Q1
BJ’s Wholesale Club ended its first quarter on May 4 with an increase in both net sales and earnings from the previous year.
Financials
Ross Stores Rings Up Q1 Sales Growth
Ross Stores rang up first quarter sales gains at the high end of its guidance for the quarter.
Best Buy Readies CEO Transition After Strong Q1
Hubert Joly, who is exiting the CEO role, said that the first quarter represented “a good start” to the Best Buy fiscal year.
Stein Mart Weathers Rough Q1
Stein Mart weathered a rough first quarter, but pointed to initiatives rolling out in the second half that it feels will build sales growth and store traffic.
Stage Stores Stays On Off-Price Growth Track In Q1
Stage Stores’ comparable sales were down in the first quarter ended May 4, but the retailer said it was encouraged by its off-price store conversion plan and its expansion of the home department.
Higher Store Traffic Drives Target Q1 Sales Growth
Driven by growth in store traffic and gains in market share, Target reported solid comparable store sales growth for the first quarter ended May 4.
TJX Q1 Comps Gain
TJX enjoyed a strong first quarter performance, highlighted by a solid comparable store sales increase above the company’s expectations.
Ace Hardware Generates Solid Q1 Performance
Ace Hardware powered through a solid first quarter, reporting record revenues, a growing e-commerce business and a 3.9% increase in retail same-store sales.
Lowe’s Q1 Comparable Store Sales Grow
Consumers kept coming to Lowe’s in the first quarter as the home improvement retailer reported an increase in comparable store sales for the three months ended May 3.
Nordstrom Sales Fall In Q1
Nordstrom reported that its net sales decreased 3.5% for the first quarter. The company said its top-line results were impacted by three areas— loyalty, digital marketing and merchandise— which contributed to declines across its full-price and off-price businesses, in both stores and online.
Kohl’s Sees Sales Decline In Q1
Following a decline in first quarter net sales and comparable store sales, Kohl’s CEO Michelle Gass said the retailer is “actively addressing opportunities” that impacted revenue in the three month period ended May 4.
J.C. Penney Q1 Comp Sales Down
The first quarter was a challenging one for J.C. Penney as the company reported decreases in total sales and comparable store sales for the period ended May 4.
Home Depot Delivers Q1 Sales Growth
The Home Depot delivered a positive performance in its first quarter, reporting an increase in both net sales and earnings.
Walmart Q1 Comps Grow, Retailer Warns On Tariffs
First quarter comparable store sales at Walmart were up 3.4%, the fourth consecutive quarter in which the retailer reported comp-store gains above 3%.
Dillard’s Q1 Sales Edge Up
Dillard’s produced a relatively steady first quarter year over year, with comparable sales flat and net sales and income matching the previous first quarter.
Macy’s Gains Traction In Q1
Macy’s showed progress in its first quarter, beating Wall Street estimates and asserting that it was gaining traction with its omnichannel growth strategies.
The Container Store Registers Strong Q4
The Container Store strengthened its market position in its fourth quarter and fiscal year 2018, ended March 30, with strong sales growth and a rise in net income.
Lifetime Brands Q1 Sales Grow, Net Loss Shrinks
First quarter net sales at Lifetime Brands were up double-digits as the housewares and home goods supplier also reported a smaller net loss for the quarter ended March 31.
Dorel Navigates Changing Market Conditions In Q1
In the first quarter, as home division revenues continued to gain, Dorel Industries recorded a net loss of $8.3 million, or 26 cents per diluted share, versus $4.7 million, or 14 per cents per diluted share, in the year-before period.
Qurate Struggles In Q1 As QVC/HSN Integration Continues
As it continues to adjust its business model after the QVC and HSN merger, Qurate Retail struggled in a challenging first quarter.