Wayfair reported strong double-digit sales growth in the fourth quarter, but the home product retailer also saw its net loss grow for the three months ended December 31 as well.
The Companion Group has appointed Yolanda LeBlanc to the position of vp/sales.
Sales in the front end, including general merchandise, helped CVS Health Corp. revenues gain in the fourth quarter as adjusted earnings beat analyst expectations.
Walmart net sales surpassed half a trillion dollars in its last-completed fiscal year as the company’s namesake business in the United States enjoyed a 3.6% comparable sales gain bolstered by a 4.2% comp increase in the fourth quarter.
Fourth quarter revenue at Newell Brands was down as the company reported sales declines in its three key product segments including Food & Appliances.
The National Retail Federation blamed lower than expected holiday sales gains on “clearly avoidable actions by the government.”
For the fiscal year of 2018, Ace Hardware set a record for revenues but saw lower profits as expenses rose.
Hit by poor holiday department results, the Container Store Group reported a mixed performance in the third quarter, with comparable store sales down.
Tractor Supply Company reported a strong fourth quarter and fiscal year ended December 29, 2018, with both net sales and income growing.
For the 2018 fiscal year, Amazon.com earnings surpassed $10 billion and sales gained by almost a third as the company continued to build the smart home, delivery and pickup elements of its retail operations.
Second quarter sales at Tuesday Morning were up slightly as the retailer also reported strong gains in net income for the three month period ended December 31.
Five Below reported positive net sales results for the holiday period, the quarter-to-date period from November 4, 2018, through January 5, 2019.
Albertsons Companies gained traction in its third quarter, as the supermarket retailer posted both store and online sales growth.
Nordstrom has reported a comparable sales increase of 1.3% for the nine weeks ended January 5, 2019, highlighting the strength of its Nordstrom Rack off-price store division during the holidays.
Ollie’s Bargain Outlet enjoyed strong holiday sales, and noted that housewares helped in the closeout retailer’s overall performance.
Stein Mart’s comparable sales for the November/December holiday period declined, although the company did see sales growth in its e-commerce business.
In the fiscal third quarter ended December 1, Bed Bath & Beyond experienced erosion in earnings and comparable store sales as it remains focused on internal initiatives to build store and omnichannel capabilities.
As Target reported a November/December 5.7% comparable sales growth, the retailer also revealed several changes in its executive suite.
For the retail month of December, the five weeks ended January 6, Costco Wholesale Corp. reported a 7.8% sales increase to $15.42 billion.
Fiscal year third quarter sales at Helen of Troy were up 2.4% as strong growth in the company’s housewares division offset declines in its health and home and beauty divisions.