Fred’s Impacted By Net Loss In Q2

Fred’s pointed to sales improvement in its second quarter, although the drug store retailer’s wider net loss was impacted by the failed acquisition of certain Rite Aid stores.

Conn’s Comps Tumble In Q4

In the fourth quarter, ended January 31, when it emphasized margin over sales growth, Conn’s recorded a net loss of $74,000, or $0 per diluted share, versus net income of $1.1 million, or three cents per diluted share, in the year-previous period.

Rent-A-Center Reports Bumpy Q4

Although the company could not post GAAP net or per diluted per share loss as it determines income tax effects of goodwill impairment, Rent-A-Center reported that its fourth quarter loss before income taxes was $170.9 million versus $1.13 billion loss in the period a year prior including a $1.17 billion goodwill impairment charges taken in the core business segment in the United States.

Costco Comps Advance Through December

Costco Wholesale Corp. posted a December comparable sales gain of 3%, excluding the effects of fuel and foreign exchange rate volatility, with comps in the United States up 3%, those for Canada up 4% and those for other international markets up 4%.

Ulta Outlines Ambitious Growth Plans

Ulta Beauty held an analyst and investor conference last week, simultaneously raising its financial guidance and providing an update on its long-term strategy, which includes more store and better location productivity.

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Sears Slides In Q2

The losses continue to mount for Sears Holdings in the second quarter. The retailer also received additional financing through a loan from the investment firm controlled by its chairman.

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