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%.
In a preliminary update on the holiday season, J.C. Penney revealed that its comparable store sales declined. The department store retailer also said it would close three stores and signaled that more store closings could be on the way as it reviews its strategies and store portfolio.
Although spun off in 2012, Sears Hometown & Outlet stores still has operational ties to Sears Holdings and that organization’s bankruptcy has hit the business. However, financially, the company gained some traction in the third quarter as it pushes to reach profitability.
Walgreens Boots Alliance generated a solid first quarter while launching a cost management program that will look to save more than $1 billion.
First quarter net revenue at Rite Aid was up slightly as an increase in its retail pharmacy segment helped boost sales in the three month period ended December 1.
Pier 1 Imports’ CEO stepped down and the retailer said it is exploring strategic alternatives after a difficult third quarter, when comps sharply declined and the company reported a net loss.
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.
Profits improved for Conn’s in the third quarter ended October 31, as the company posted net income of $14.6 million, or 45 cents per diluted share, versus $1.6 million, or five cents per diluted share, in the year-earlier period.
As it continued to rapidly expand its store count, Five Below rang up strong sales growth during the third quarter.
Michaels boosted its net income in a solid third quarter driven by comparable store sales gains.
It was a mixed third quarter performance for Big Lots, as the off-price retailer reported a net loss although comparable store sales were up.
In a third quarter impacted by the sale of Kroger’s convenience store division and acquisition of Home Chef, along with its investments in growth initiatives, the supermarket retailer reported a drop in net earnings.
As it continued to expand its store count, At Home delivered its 19th consecutive quarter of comparable store sales growth as well as its 18th consecutive quarter of over 20% net sales growth.
Hudson’s Bay said it was encouraged with its turnaround strategies through the third quarter, highlighted by a strong comp increase at its Saks Fifth Avenue division.
Ollie’s Bargain Outlet reported double-digit sales growth in the third quarter as the retailer opened its 300th store in the three-month period ended November 3.
For the third quarter ended November 3, Restoration Hardware (RH) added two design galleries and beat a Wall Street earnings estimate by 46 cents as it posted a comp gain of 4%.
Dollar General saw its net sales and earnings jump in the third quarter as it continued to ramp up its store growth plans into 2019.
Ace Hardware pointed to strong new store growth and its e-commerce initiatives in reporting an increase in revenues during the third quarter.
Burlington Stores raised its sales outlook for the year as the off-price retailer reported strong sales and earnings in its third quarter.
Stein Mart posted mixed results in its third quarter ended November 3, as the off-price retailer posted a comp increase on lower sales and a slightly higher net loss.