The Overstock Customer Day promotion doubled the amount of furniture the e-tailer sold and generated a 20% rise in market basket versus the comparable day in the year earlier, according to Overstock.com.
Citing broad financial improvement, Albertsons posted a net loss of $32.4 million in the second quarter ended September 8 versus a net loss of $355.2 million in the fiscal 2017 period.
With fourth quarter profits exceeding Wall Street expectations, Walgreens Boots Alliance touted gains for both the period and the fiscal year despite weak U.S. retail comps.
Second quarter net revenue at Helen of Troy was up more than 14% as strong growth in the company’s housewares and health and home divisions were the key drivers.
Pier 1 Imports launched a new strategic plan in the second quarter but customers didn’t jump on board, as the retailer posted a deeper net loss and a comparable sales decline.
After its failed merger attempt with Walgreens Boots Alliance, Rite Aid has been developing a standalone strategy to move forward, but still saw a net loss in the second quarter.
After serving 20 years in various positions with the tableware company, Noritake executive vice president, Peter Goldberger, will retire at the end of the year.
As it continues to focus on its initiatives to revamp operations, Bed Bath & Beyond earnings fell sharply in the second quarter with net sales coming in flat and comparable sales slipping.
A relaunch effort has not started the way the company hoped, Pier 1 Imports stated in preliminary financial results for a second quarter that included a comparable sales decrease of 11.4% in the period year over year.
According to the annual Deloitte holiday forecast, retail sales in the U.S. should gain 5% to 5.6% versus the 2017 holiday season.
Despite some macro economic concerns among consumers and inclement weather in the U.S., retail sales gained in August, according to the National Retail Federation.
Although the company touted an improvement in comparable store sales trends, Sears Holdings continued to post comp declines in the second quarter despite substantial under-performing store closures, even as company losses increased substantially.
As Kroger continues to invest in its Restock Kroger strategy, the supermarket retailer reported a surge in net earnings while net sales gained slightly.
As Hudson’s Bay released its second quarter results including a company-wide 0.4% decrease in comparable sales and a larger loss, the department store retailer said it is forming a strategic partnership for its European business.
In a second quarter when it added 34 new stores, Five Below beat Wall Street estimates while driving sales growth.
August was a busy month at Costco as the nation’s largest warehouse club reported a sales increase of 12.2% over August of 2017.
Ollie’s Bargain Outlet pointed to a robust closeout environment as the retailer reported growth across the board for the second quarter ended August 4.
As it plans to expand in 2019, Restoration Hardware (RH) experienced a profit surge in the second quarter.
Michaels reported a soft second quarter, with net income and net sales down as well as a slip in comps.
Conn’s reported its first comparable sales gains in three years and the promotion of John Davis to the post of president of credit and collections.