The holidays weren’t kind to J.C. Penney, as comparable sales for the combined nine-week period ending January 4 slid 7.5%, the company reported.
Costco posted solid comparable sales numbers in fiscal November and the first quarter, even if the warehouse club suffered a digital hiccup during the holiday weekend.
Kohl’s may have improved its momentum as the third quarter ended with a comparable store sales increase, but it missed a Wall Street estimate for the period.
In the third quarter, Publix comparable store sales increased but profits slipped, the retailer reported.
For the five weeks ended October 6, Costco posted a comparable sales gain of 5.6% from the period a year earlier with the effects of changes in fuel and foreign exchange prices excluded.
Bed Bath & Beyond has reported mixed second quarter results, including the closure of 60 stores, asserting that its turnaround initiatives have improved its financial condition. However, questions remain over when the retailer will select its new CEO and if any significant assets will be divested.
In a second quarter when it exceeded Wall Street expectations, BJ’s Warehouse Club reported gains in both net sales and earnings as well as comparable club sales.
At Home CEO Lee Bird asserted that unseasonable weather across its markets impacted the company’s first quarter financial results, with comparable store sales below expectations.
For the first quarter, which ended shortly before Smart & Final announced its acquisition by Apollo Global Management, the retailer reported a comparable store sales gain.
First quarter financial results indicate that its fresh approach to retail and health care, including the company’s Aetna acquisition, is making gains, said Larry Menlo, CVS Health Corp. president and CEO.
Aaron’s grew its net earnings and surpassed $1 billion in revenue for the first quarter ended March 31.
For the fiscal month of March, Costco reported a comparable sales gain of 5.9%, excluding the effects of fuel price and foreign exchange rate volatility as well as an accounting change.
As it continues struggling to generate profits, Rite Aid posted a net loss from continuing operations of $255.6 million, or 24 cents per share, versus a net loss of $483.7 million, or 46 cents per share, in the year-earlier period.
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.
Walmart net sales surpassed half a trillion dollars in its last-completed fiscal year as the company’s namesake business in the United States enjoyed a 3.6% comparable sales gain bolstered by a 4.2% comp increase in the fourth quarter.
For the November/December holiday season, Macy’s company-owned store comparable sales advanced 0.7% while owned plus licensed store comps gained 1.1%.
As Target reported a November/December 5.7% comparable sales growth, the retailer also revealed several changes in its executive suite.
For the retail month of December, the five weeks ended January 6, Costco Wholesale Corp. reported a 7.8% sales increase to $15.42 billion.
The first quarter provided a strong start to the new fiscal year for Costco as comparable store sales and net income both were up year-over-year.