The Legacy Companies has appointed housewares veterans Chris Mangan as its vp/sales for its consumer division and Jeff McClure as director of sales, consumer division.
Bed Bath & Beyond has reported mixed second quarter results, including the closure of 60 stores, asserting that its turnaround initiatives have improved its financial condition. However, questions remain over when the retailer will select its new CEO and if any significant assets will be divested.
As 2019 has taken a turn into the home stretch, retailers will be focused on squeezing every dollar out of the holiday season whose start seems to inch closer and closer to Labor Day each year.
Sears Hometown & Outlet is undergoing a thorough business transformation, and that had an impact on its second quarter financial results, which included separating the outlet segment results, which now are considered discontinued operations.
Deloitte, in its annual end-of-year retail forecast, said it expects holiday retail sales to increase between 4.5% and 5% in 2019 and exceed $1.1 trillion for the November to January timeframe.
Hudson’s Bay put a positive spin on its second quarter, although its net loss increased, with the department store retailer highlighting the performance of Saks and Saks Off 5th as it works to improve business operations.
Kroger gained some traction in the second quarter with its transformation efforts, with identical stores sales helping to drive adjusted earnings higher.
Kirkland’s has had a rough summer, with comps down double digits and net loss up.
New stores drove At Home sales in the second quarter even as adjusted earnings declined, if not as much as Wall Street expected.
The second quarter saw Michaels eke through comp and earnings gains but top a Wall Street earnings estimate.
As it looks forward to putting the financial effects of Hurricane Harvey behind it, Conn’s reported second quarter earnings gains.
Big Lots beat a Wall Street estimate even as second quarter earnings slipped year over year amid a strategic repositioning that includes store changes and while enduring tariff effects.
Miscalculations about the effect of more rapid store growth hurt second quarter results at Ollie’s Bargain Outlets.
For the second quarter, Best Buy’s business in the United States overcame international weakness to deliver company comparable store sales and earnings gains.
Home helped boost Dollar General comparable sales in the second quarter as the company’s earnings beat a Wall Street estimate.
Williams-Sonoma made strides in the second quarter with comparable sales at West Elm and Pottery Barn identified as particular drivers.
In a second quarter when it exceeded Wall Street expectations, BJ’s Warehouse Club reported gains in both net sales and earnings as well as comparable club sales.
It was a mixed second quarter for Nordstrom, as the department and off-price retailer’s earnings beat its expectations while net sales declined.
Tuesday Morning posted a bigger net loss for its fourth quarter, but the company said it is well positioned to improve sales and earnings performance.
As store redesign and other initiatives gained traction, Target enjoyed a productive second quarter, with strong comps and an earnings beat.