Target Corp. comparable sales in the combined November/December holiday period grew 17.2%, driven by a 4.3% increase in traffic and a 12.3% advance in average ticket, and aided by home merchandise sales.
In the second quarter, Bed Bath & Beyond indicated that advances in core categories and digital operations helped drive comparable sales gains and an adjusted earnings turn around, but the company still fell short of a Wall Street earnings estimate.
Costco Wholesale Corp. posted a double digit company comparable sales advance in December.
As it continues to cope with conditions created by the COVID-19 pandemic, Rite Aid net income from continuing operations declined in the third quarter, but the company still beat a Wall Street estimate by 41 cents.
TJX did better than it thought it might in the third quarter, the company maintained, as HomeGoods performed particularly well and as the parent began taking steps to launch a dedicated e-commerce operation for the banner. Digital sales at homegoods.com will begin next year.
Target sales made big strides in the third quarter with online revenues, supported by omnichannel services such as buy online pickup at store, a critical driver, even if the stores themselves had a strong performance.
Kohl’s easily beat a Wall Street earnings per share estimate for the third quarter as digital sales gained even if revenues overall slid in a retail market disrupted by the continuing coronavirus pandemic.
As the COVID-19 pandemic enters a new phase, Walmart third quarter sales and earnings maintain momentum as consumers turn to it, in store and online, to meet their ongoing needs.
With consumers continuing to favor the company in a market influenced by the COVID-19 pandemic, Costco posted a 16.9% net sales increase for the five-week fiscal month of September ended October 5 to $16.84 billion.
Bed Bath & Beyond turned a profit in the second quarter while making comparable store sales gains buoyed by a significant digital comp increase.
As part of a financial preview, Big Lots has provided an update on expected results for the third quarter of fiscal 2020, which includes a forecasted mid-teen gain in comparable sales.
According to traffic tracker Placer.ai, Costco has been coming on strong through August and should benefit from a traffic surge since COVID-19 related shopping restrictions have normalized.
For the fiscal month of August, Costco reported net sales of $13.56 billion versus $11.79 billion for the period a year prior.
Despite coronavirus-associated challenges, Michaels managed to have a better-than-expected second quarter.
Although it posted a loss, the second quarter wasn’t all bad for Burlington Stores, which beat a Wall Street earnings estimate and managed to drive sales in stores as they reopened, although inventory issues did emerge.
Merchandise for the home helped drive strong Best Buy second quarter results.
An essential retailer in the COVID-19 pandemic, BJ’s Wholesale Club boosted its sales, earnings and membership fee numbers significantly in the second quarter.
Costco kept rolling through fiscal July, demonstrating that consumers continue to look for it as a resource to help them cope with COVID-19 pandemic-related circumstances.
At Home said it is emerging from the pandemic in a healthy position, reporting certain preliminary unaudited results for the second quarter ended July 25 including a comparable store sales increase of approximately 42%.
Front-end sales helped boost Rite Aid’s first quarter, one when it cut the company’s adjusted loss versus the period in the year past.