retail

Financials
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.

Financials
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.

Retail
Wayfair Gains During Thanksgiving Holiday Weekend

Wayfair has reported a 36% increase year over year in direct retail gross sales, defined as dollars of order intake, for the five-day peak shopping period of Thanksgiving Day through Cyber Monday. Black Friday and Cyber Monday were Wayfair’s highest revenue days ever, the company said.

Retail
Lawton Leaving Macy’s For Tractor Supply CEO Role

Tractor Supply Company has named Hal Lawton as its president, CEO and a member of the board of directors, effective January 13, 2020. Lawton, who is currently president of Macy’s, will succeed Tractor Supply’s CEO Greg Sandfort, who previously announced his intent to retire.

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