Web Briefs

Web Briefs
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.

Web Briefs
IHA Adds To Virtual Education Series

A special program for independent retailers, an update on the next normal for consumer thinking and best practices for returning to work after COVID-19 are topics of upcoming webinars in the ongoing virtual education series developed by the International Housewares Association.

Web Briefs
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.

Web Briefs
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.

Web Briefs
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.

Web Briefs
Finishing Touch Debuts Flawless Nu Razor

Finishing Touch Flawless, the personal care brand now owned by Church & Dwight, recently introduced its newest hair removal device, the Flawless Nu Razor. Like the other hair removal products in the brand’s line, the new razor is said to instantly and painlessly remove unwanted leg and body hair.

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