Tuesday Morning posted a bigger net loss for its fourth quarter, but the company said it is well positioned to improve sales and earnings performance.
For the second quarter, HomeGoods comparable sales, which now include those for HomeSense stores in the U.S., came in flat even as overall TJX posted a positive 2% comp.
Walmart powered through a strong second quarter, with comps gaining 2.8% in the U.S. and the retailer’s e-commerce operations boosting sales.
J.C. Penney Company narrowed its net loss in the second quarter ended August 3, 2019, and asserted that it was making progress with its turnaround plans. In addition, the retailer named a new gmm/home.
As it reported second quarter results, Dorel Industries said that it is doing its best to shrug off the effects of tariffs imposed on China by the U.S. as it drives top-line growth and makes adjustments to boost the bottom line.
Despite a drop in sales in the second quarter, Newell Brands officials are offering a positive outlook for the company as they raised guidance for net sales and operating cash flow for the remainder of the fiscal year.