Financials

Financials
Burlington Swings To Net Loss In Q1

Off-price retailer Burlington Stores was impacted by the coronavirus pandemic in the first quarter as the company posted a big net loss. Still, the retailer asserted that it was in a strong financial position as it continues to reopen its stores.

Financials
Ross Stores Q1 Operations Impacted By Pandemic

Ross Stores reported a sales decline and a net loss in its fiscal 2020 first quarter. Both sales and earnings reflect the closure of all Ross Dress for Less and DD’s Discounts locations starting on March 20 through the quarter end due to the ongoing spread of COVID-19 throughout the U.S.

Financials
Macy’s Forecasts Challenging Q1 Results

As it adapts to the coronavirus-impacted retail environment, Macy’s has provided preliminary sales and operating results estimates for the 2020 first quarter, which include significantly reduced sales, but also some good news from reopened stores.

Financials
Lifetime Brands Navigates Pandemic In Q1

Lifetime Brands has reported a decrease in consolidated net sales, with a net loss for the quarter ended March 31. The company noted that the loss in part was the result of brick-and-mortar store closings and supply chain disruptions earlier this year as a result of the coronavirus pandemic.

Financials
Best Buy Q1 Results Better Than Expected

While reporting a sales decline, Best Buy’s first quarter was better than expected, despite the retailer temporarily shifting to a contactless curbside-only operating model for all its domestic stores during the coronavirus pandemic.

Financials
The Container Store Sales Decline In Q4

The Container Store saw its preliminary sales decline in the fourth quarter ended March 28, with the pandemic impacting the retailer’s performance. The company noted that one bright spot, however, was the increase in online customer orders.

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