COVID-19 Pressures At Home After Tough Q4

At Home asserted that the short holiday season hurt its fourth quarter and full-year comps, which factored into lower earnings. Now the coronavirus pandemic has diminished store traffic as well. 

Kirkland’s Stumbles In Q4, Fiscal Year

Despite e-commerce gains, Kirkland’s posted lower fourth quarter adjusted profits and a loss for the year as comparable sales decreased. The company also said it plans to close 28 underperforming stores in the first quarter.

Lifetime Brands Q4 Sales Decline Despite U.S. Growth

Despite growth in its core U.S. business, Lifetime Brands reported a slight decrease in net sales for the fourth quarter of 2019. Rob Kay, company CEO, stated that operational challenges from its reorganized U.K. operations had an impact on shipments, offsetting the company’s overall results.

Costco Sales Surge In Q2

Sales surged at Costco during the retailer’s second quarter and the month of February. The warehouse club operater pointed to consumer coronavirus concerns as part of the reason for the strong sales growth.

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