After completing a strong fourth quarter and fiscal year, Restoration Hardware is responding to the COVID-19 crisis by adjusting operations including capital spending and deferring executive salaries.
Williams-Sonoma posted a solid fourth quarter and fiscal year as the comparable sales across its retail brand portfolio enjoyed growth.
Dollar General wrapped up a strong fourth quarter and fiscal year performance, capped by the retailer’s 30th consecutive year of same-store sales 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.
Kohl’s beat a Wall Street fourth quarter estimate and showed some bright spots in its performance, but CEO Michelle Gass expressed disappointment with the company’s financial results.
Although store comparable sales slipped in the fourth quarter, digital sales helped Target post a higher overall comp and earnings that beat a Wall Street estimate.