CEO Mark Tritton has taken the reins at Bed Bath & Beyond, only recently restructuring the retailer’s executive leadership, in time to report that third quarter results slipped into the red.
Although it made moves to improve its performance, including the establishment of a group purchasing organization with Kroger and record online sales for Black Friday in the U.S. and United Kingdom, Walgreens Boots Alliance said sales for the first quarter were soft.
As it reported tumbling financial results for the third quarter ended November 30, 2019, Pier 1 also informed investors that it could close as many as 450 of its total 942 stores.
During the third quarter, Hudson’s Bay continued to reposition its department store business even as its off-price Saks Off 5th operation generated positive comps in a period when the company’s luxury customers were bargain shopping.
In the third quarter, Kroger emphasized how it is executing against its strategic restructuring plan, and advanced its identical store sales, but narrowly missed a Wall Street earnings estimate.
Restoration Hardware (RH) emphasized its physical store presence as the foundation of its strong third quarter financial results.
For its third quarter, Dollar General earnings beat a Wall Street estimate and the company posted its best comparable sales in nearly five years.
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.
Best Buy posted better than expected third quarter earnings and sales results as the retailer primed its product assortments for the holiday season.
Nordstrom cut costs and boosted earnings in a third quarter that saw traditional full-line store sales slip and its urban strategy enter a next phase in Manhattan.
Comparable sales gains, led by West Elm, drove results at Williams-Sonoma, even if comps slipped at the company’s namesake banner and despite tariff challenges.
The third quarter saw comprehensive gains at Ace Hardware, as the hardware retailer continued to grow both net sales and income.
BJ’s Wholesale Club approaches the holiday season behind a solid third quarter performance.
The third quarter was a tough one for Macy’s, so much so that the company reduced its full-year earnings per share guidance by 28 cents and its comparable store sales from flat to slightly up to negative territory, down 1.5% to 1% in its owned plus licensed stores.
In the third quarter, Target delivered strong comparable store sales and earnings gains, as the company benefited from additional store and digital traffic, as well as gains in the home department.
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.
For the third quarter, TJX kept rolling, pointing to customer traffic as driving its earnings and sales performance as the off-price retailer positioned its holiday marketing campaigns for the fourth quarter.
As Walmart prepared in stores and online for the upcoming holiday season, the retailer posted a strong third quarter, with both net income and sales growth as well as the Walmart U.S. division in particular recording a solid performance.
As it shifted gears to a focus on profitability rather than market share, Overstock cut its year over year losses in the third quarter although sales declined significantly as a result.
A tough third quarter still included a few bright spots for Qurate Retail, as the company continued to integrate its QVC and HSN businesses.