Walgreens Q3 Earnings Fall Short Of Estimate
The COVID-19 pandemic weighed on Walgreens Boots Alliance third quarter sales as did a charge against its business in the United Kingdom.
sales
Bed Bath & Beyond Posts Q1 Loss But Digital Gains
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.
Drop Adds West As VP/Global Sales
Drop, a smart kitchen platform, has added Cynthia West as vp/global sales. West joins the team from her home base in southern California.
Macy’s Hit By Big Q1 Loss, Expects Gradual Recovery
In the first quarter, Macy’s posted a big loss, but the company said recovery from COVID-19 pandemic-related shutdowns has been strong.
Rite Aid Trims Q1 Loss
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.
SodaStream Appoints Hinsliff VP/Sales
SodaStream has appointed Richard Hinsliff as its new vp/sales for SodaStream USA.
At Home Looks To Rebound From Q1 Losses
COVID-19 drove At Home to first quarter losses, but the company stated that consumers are responding to store reopenings.
Kroger Digital, Store Capabilities Deliver Big Q1 Gains
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.
NRF: May Retails Sales Strengthen In Core Categories
Retail sales rose dramatically in May as retailers and other businesses closed by the coronavirus pandemic started reopening, the National Retail Federation noted in a review of United States Census Bureau figures, but they remained well below spending levels seen in the month a year ago.
Tuesday Morning Initiates Store Closing Sales
Under Chapter 11 bankruptcy protection, Tuesday Morning has commenced store closing sales at a select group of 130 locations across the United States.
Macy’s Secures Financing But Signals Q1 Loss
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.
J.K. Adams Expands Sales Team
J.K. Adams has named Donna Cross as its new assistant sales manager.
Costco Q3 Earnings Shy Of Wall Street But Comps Gain
As it coped with the effects of the COVID-19 pandemic, Costco missed a Wall Street earnings per share estimate for the third quarter but posted positive comparable store sales and a big increase in e-commerce comps.
Burlington Swings To Net Loss In Q1
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.
Coronavirus Accelerates Dollar General Q1 Gains
The coronavirus outbreak drove robust results at Dollar General to a degree that exceeded Wall Street expectations.
Dollar Tree Registers Q1 Sales Growth
In a coronavirus-impacted first quarter, Dollar Tree saw a rise in its overall comparable store sales with Family Dollar leading the way.
Ross Stores Q1 Operations Impacted By Pandemic
Ross Stores reported a sales decline and a net loss in its fiscal 2020 first quarter. Both sales and earnings reflect the closure of all Ross Dress for Less and DD’s Discounts locations starting on March 20 through the quarter end due to the ongoing spread of COVID-19 throughout the U.S.
Macy’s Forecasts Challenging Q1 Results
As it adapts to the coronavirus-impacted retail environment, Macy’s has provided preliminary sales and operating results estimates for the 2020 first quarter, which include significantly reduced sales, but also some good news from reopened stores.
BJ’s Q1 Earnings Jump On Big Comp Gain
Amidst the coronavirus crisis, BJ’s Wholesale Club sales and earnings jumped as it provided consumers with essential products.
TJX Reports Q1 Loss But Says Stores Are Reopening
COVID-19 disrupted TJX’s fiscal 2021 first quarter operations, but while posting a deep loss, the company reported reopening its store and e-commerce businesses.