Target’s omnichannel strategies seem to be paying off, as the retailer enjoyed a strong fourth quarter and its best fiscal year in more than a decade.
Macy’s saw improvement in its fiscal year 2018 and fourth quarter, while stepping up a restructuring plan that streamlines its upper management and reduces costs.
The Home Depot exceeded Wall Street expectations in a third quarter when net earnings were $2.87 billion, or $2.51 per diluted share, versus $2.17 billion, or $1.84 per diluted share, in the year-previous quarter.
With fourth quarter profits exceeding Wall Street expectations, Walgreens Boots Alliance touted gains for both the period and the fiscal year despite weak U.S. retail comps.
A relaunch effort has not started the way the company hoped, Pier 1 Imports stated in preliminary financial results for a second quarter that included a comparable sales decrease of 11.4% in the period year over year.