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.
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.
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.
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.
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.