In reviewing the second quarter, Target acknowledged its impressive gains represented a continuation of heightened sales volume as well as investments in response to the COVID-19 pandemic, but the company emphasized that, despite e-commerce strength, its stores were key in the period.
Kohl’s is still grappling with the impact of the coronavirus pandemic on the marketplace and the economy, as second quarter net sales and net income declined, although not as much as Wall Street analysts had estimated.
Lifetime Brands has reported an increase in second quarter sales, driven by market demand for housewares categories including kitchen tools and gadgets, bakeware, barware and cutlery.
During the second quarter of 2020, Newell Brands continued to experience COVID-19 related disruption to its business. However, the company said it saw top line improvement throughout the quarter, and its appliances and cookware segment remained relatively steady and saw an increase in core sales during the quarter.
Homebound consumers continued to fuel soaring sales during Amazon’s second quarter ended June 30.