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. 

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.

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.

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.

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.

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