As it also unveiled executive changes, Target reported that November/December holiday season comparable sales registered a 1.4% increase but that home department comps were off slightly.
At Home has provided an update on its expected financial results for the fourth quarter and fiscal year ending January 25, 2020, raising its earnings and sales outlook.
The Container Store revealed its preliminary sales results for the third quarter, with the company’s Custom Closets business driving a solid sales performance but holiday department sales declining.
Stage Stores has reported comparable sales for the holiday period. For the nine-week period ended January 4, 2020, comparable sales increased 1.4% as compared to the nine-week period ended January 5, 2019.
Costco has reported net sales of $17.04 billion for the retail month of December, the five weeks ended January 5, 2020, an increase of 10.5% from $15.42 billion in sales last year.
Helen of Troy reported robust sales growth for its third quarter, as the designer, developer and marketer of housewares, health and home, and beauty products prepared to close its recent acquisition of Drybar.
Kohl’s has reported that its comparable sales for fiscal November and December 2019 combined decreased 0.2% over the same period last year.
The holidays weren’t kind to J.C. Penney, as comparable sales for the combined nine-week period ending January 4 slid 7.5%, the company reported.
CEO Mark Tritton has taken the reins at Bed Bath & Beyond, only recently restructuring the retailer’s executive leadership, in time to report that third quarter results slipped into the red.
Although it made moves to improve its performance, including the establishment of a group purchasing organization with Kroger and record online sales for Black Friday in the U.S. and United Kingdom, Walgreens Boots Alliance said sales for the first quarter were soft.
Albertsons continued its sales and earnings growth momentum in the third quarter.
As it reported tumbling financial results for the third quarter ended November 30, 2019, Pier 1 also informed investors that it could close as many as 450 of its total 942 stores.
Rite Aid delivered a solid third quarter as the drug store chain looked to revitalize its business growth strategies going forward into 2020.
Following the passing of its founder, Mark Butler, Ollie’s Bargain Outlet reported a solid third quarter and named John Swygert its new president and CEO.
During the third quarter, Hudson’s Bay continued to reposition its department store business even as its off-price Saks Off 5th operation generated positive comps in a period when the company’s luxury customers were bargain shopping.
In a third quarter marked by an impairment charge, Michaels reported a net sales and net income decline, although the retailer said it plans for operational improvements.
Big Lots said it stayed in line with its guidance in the third quarter and the company strengthened its balance sheet with the sale of a distribution center.
In the third quarter, Kroger emphasized how it is executing against its strategic restructuring plan, and advanced its identical store sales, but narrowly missed a Wall Street earnings estimate.
Weak store traffic challenged Kirkland’s in the third quarter as the retailer reported a decline in net sales and comparable store sales, and a larger net loss.
Restoration Hardware (RH) emphasized its physical store presence as the foundation of its strong third quarter financial results.