HBC Department Stores Stumble In Q3 But Off-Price Gains

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.

Michaels Q3 Comps Decline

In a third quarter marked by an impairment charge, Michaels reported a net sales and net income decline, although the retailer said it plans for operational improvements.

Kroger Spotlights Q3 Progress

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.

Macy’s Cuts Guidance After Q3 Stumble

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.

1 2 3 45