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.
Cangshan Cutlery Company has named Rob Walling vp/sales, effective January 1, 2020. Walling previously held the position of national sales manager.
Regal Ware has named Doug Reigle svp/strategic sales, effective January 1, 2020.
In the third quarter, Kroger emphasized how it is executing against its strategic restructuring plan, and advanced its identical store sales, but narrowly missed a Wall Street earnings estimate.
For its third quarter, Dollar General earnings beat a Wall Street estimate and the company posted its best comparable sales in nearly five years.
Costco posted solid comparable sales numbers in fiscal November and the first quarter, even if the warehouse club suffered a digital hiccup during the holiday weekend.
Best Buy posted better than expected third quarter earnings and sales results as the retailer primed its product assortments for the holiday season.
Nordstrom cut costs and boosted earnings in a third quarter that saw traditional full-line store sales slip and its urban strategy enter a next phase in Manhattan.
Comparable sales gains, led by West Elm, drove results at Williams-Sonoma, even if comps slipped at the company’s namesake banner and despite tariff challenges.
The third quarter saw comprehensive gains at Ace Hardware, as the hardware retailer continued to grow both net sales and income.
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.
In the third quarter, Target delivered strong comparable store sales and earnings gains, as the company benefited from additional store and digital traffic, as well as gains in the home department.
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.
The Home Depot remained on track in a solid third quarter, although the company said its sales were below expectations and lowered its 2019 sales growth guidance.
As Walmart prepared in stores and online for the upcoming holiday season, the retailer posted a strong third quarter, with both net income and sales growth as well as the Walmart U.S. division in particular recording a solid performance.
As it shifted gears to a focus on profitability rather than market share, Overstock cut its year over year losses in the third quarter although sales declined significantly as a result.