In weathering the COVID-19 roiled market, Restoration Hardware easily beat a Wall Street earnings estimate for the second quarter as the company continues on its way to significant margin gains, according to chairman and CEO Gary Friedman.
After closing stores in March due to the COVID-19 pandemic, Five Below reopened its locations in late April and consumers drove second quarter sales and earnings higher.
Despite coronavirus-associated challenges, Michaels managed to have a better-than-expected second quarter.
The home department gave Nordstrom a lift during a challenging second quarter when sales dropped due to the temporary store closures associated with the coronavirus pandemic.
In reviewing the second quarter, Target acknowledged its impressive gains represented a continuation of heightened sales volume as well as investments in response to the COVID-19 pandemic, but the company emphasized that, despite e-commerce strength, its stores were key in the period.