Dollar Tree Sales Up As Coronavirus Complicates Outlook

Dollar Tree has reported its comparable sales trends through March 29, with quarter to date comps up 7.1% for namesake stores and up 14.4% for Family Dollar but also with a late moderation of those gains.

Target Adjusts Strategic Initiatives As Comps Surge

As the COVID-19 crisis has evolved, Target said it has been experiencing unusually strong traffic and sales, particularly in its stores and same-day services, as consumers rely on Target for essential items like food, medicine, cleaning products and pantry stock-up items. As a result, the company has adjusted the expected timing of some of its strategic initiatives. 

Comp Drop Pressures Bed Bath & Beyond Q4 Performance

As it acknowledged mistakes in inventory management and a failure to drive traffic, Bed Bath & Beyond released its preliminary, unaudited financial performance data for the first two months of the fiscal 2019 fourth quarter, which included a 5.4% decline in comparable sales and a 13% decline in adjusted comps.

Stage Stores Holiday Comps Rise

Stage Stores has reported comparable sales for the holiday period. For the nine-week period ended January 4, 2020, comparable sales increased 1.4% as compared to the nine-week period ended January 5, 2019.

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