The NPD Group reported that holiday sales for key general merchandise categories it covers were up just 0.2% in 2019 versus 2018, according to weekly point-of-sales results, although critical housewares segments were strong.
As it also unveiled executive changes, Target reported that November/December holiday season comparable sales registered a 1.4% increase but that home department comps were off slightly.
As it reported tumbling financial results for the third quarter ended November 30, 2019, Pier 1 also informed investors that it could close as many as 450 of its total 942 stores.
BJ’s Wholesale Club approaches the holiday season behind a solid third quarter performance.
The third quarter was a tough one for Macy’s, so much so that the company reduced its full-year earnings per share guidance by 28 cents and its comparable store sales from flat to slightly up to negative territory, down 1.5% to 1% in its owned plus licensed stores.
Kohl’s may have improved its momentum as the third quarter ended with a comparable store sales increase, but it missed a Wall Street estimate for the period.
For the third quarter, TJX kept rolling, pointing to customer traffic as driving its earnings and sales performance as the off-price retailer positioned its holiday marketing campaigns for the fourth quarter.