The coronavirus pandemic and associated temporary store shutdowns impacted The Container Store’s first quarter, as the storage and organization retailer reported a sales decline. The company also named a new chief financial officer.
Consumers turning to Albertsons during the COVID-19 pandemic boosted the supermarket operator’s first quarter sales and earnings.
In a first quarter impacted by the coronavirus pandemic, Hamilton Beach saw its sales pick up momentum and then slow later in the quarter, but still reported that overall the U.S. consumer market drove results.
The current market environment produced overall higher demand for Helen of Troy’s housewares, health and home and beauty products, as the company posted a strong first quarter.
In the first quarter, Bed Bath & Beyond recorded a big loss but also a significant jump in online sales. The retailer also noted that it plans to close 200 stores over the next two years as part of its ongoing restructuring.
In the first quarter, Macy’s posted a big loss, but the company said recovery from COVID-19 pandemic-related shutdowns has been strong.
Stein Mart sales and earnings were hit hard in the coronavirus-impacted first quarter, and the off-price retailer said it was continuing to explore strategic alternatives.
Front-end sales helped boost Rite Aid’s first quarter, one when it cut the company’s adjusted loss versus the period in the year past.
Coronavirus-related circumstances and the capabilities the company has developed to serve customers in new ways contributed to big gains The Kroger Co. made in the first quarter, the company asserted.
Macy’s has secured new financing to shore up its business, while revealing that its preliminary sales and earnings results for the first quarter included a loss and lower sales, although it said e-commerce and reopened stores are performing well.
In the first quarter, ended May 2, Restoration Hardware suffered a sales slide associated with the COVID-19 pandemic but is looking forward to a second quarter rebound.
For the first quarter, Kirkland’s posted a net loss on lower sales but e-commerce sales rose as it adapted to the coronavirus pandemic-impacted retail environment.
With the coronavirus pandemic forcing temporary store closures, Michaels first quarter sales declined and the retailer posted a net loss, although omnichannel initiatives helped e-commerce sales grow.
In the first quarter, Big Lots sales and earnings jumped, as the off-price retailer gained momentum to the next fiscal period and beyond.
As it looks to a future beyond the COVID-19 crisis, Nordstrom pointed to its pursuit of strategic omnichannel initiatives even as the company reported sales and earnings declines in the first quarter.
Despite the disruption of the coronavirus pandemic, Ollie’s Bargain Outlet maintained its momentum in the first quarter, as stores remained open to serve customers.
E-commerce helped sustain Williams-Sonoma in a first quarter hit by coronavirus-related store closings.
Ulta Beauty is looking to regain its footing after the coronavirus impacted sales and earnings in the first quarter, and the retailer continues to ramp up its store reopenings.
Off-price retailer Burlington Stores was impacted by the coronavirus pandemic in the first quarter as the company posted a big net loss. Still, the retailer asserted that it was in a strong financial position as it continues to reopen its stores.
The coronavirus outbreak drove robust results at Dollar General to a degree that exceeded Wall Street expectations.