To store traffic tracker Placer.ai, evaluating Costco’s holiday results requires looking back through the full year 2020. The tale has a stellar ending.
With the COVID-19 pandemic continuing to trouble consumers, Nordstrom has announced that sales slid 22% for the nine-week 2020 holiday period ended January 2 versus the comparable period a year earlier.
In the second quarter, Bed Bath & Beyond indicated that advances in core categories and digital operations helped drive comparable sales gains and an adjusted earnings turn around, but the company still fell short of a Wall Street earnings estimate.
In the first quarter, Walgreens Boots Alliance earnings slipped as the company divested its pharmaceutical wholesale business and boosted its investment in VillageMD while accelerating the rollout of full-service primary care clinics in stores.
As it continues to cope with conditions created by the COVID-19 pandemic, Rite Aid net income from continuing operations declined in the third quarter, but the company still beat a Wall Street estimate by 41 cents.
Based on early analysis of shopping patterns, 1010data has forecast a 5% increase in year-end sales for the holidays, with digital up 50% and store spending down 1% versus the 2019 season.
The COVID-19 pandemic hit Ulta Beauty’s financial results for the third quarter ended October 31, but CEO Mary Dillon said the company is coping with new realities.
Preliminary reports suggest that, although sales gained online, brick and mortar retail wasn’t quite as vibrant on Black Friday as in years past, although that might be a good thing.
Best Buy reported a banner third quarter, with net sales and comps surging as consumers continued to purchase a diverse range of home products for their homebound lifestyles.