Tuesday Morning Posts Positive Holiday Sales
Tuesday Morning posted a positive holiday season, as the off-price retailer reported that its net sales and comps rose.
Financials
Bon-Ton Holiday Sales Decline
The Bon-Ton Stores reported that its holiday sales declined 2.9%, although the department store improved its results from the third quarter.
Health & Home, Housewares Drive Helen Of Troy Sales Growth
Helen of Troy has reported overall sales growth of 2.6% in the third quarter ended November 30, 2017, led by its Housewares and Home & Health segments.
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Happy Holidays Prompt Target To Boost Guidance
In a beat of its own expectations, Target Corp. reported that its comparable sales in the November/December holiday period grew 3.4%, compared with the expected range of 0 to 2%.
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Kohl’s Enjoys Strong Holiday Season
The holiday shopping was bright at Kohl’s as the retailer reported a 6.9% increase in total and comparable store sales for a time frame covering November and December.
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Walgreens Boots Gains But Retail Comps Decline
Walgreens gained overall in its first quarter as it continued to integrate its Rite Aid stores acquisition, although the company reported a dip in retail comps.
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Rite Aid Store Transfers To Walgreens Impacts Q3 Results
Rite Aid’s third quarter was impacted by the continuing sale and transfer of stores and related assets under the acquisition deal with Walgreens Boots.
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Costco Reports Strong December Comp Sales
December sales at Costco increased more than 14% as comparable store sales for the five-week period ended December 31 were also up more than 11%.
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J.C. Penney Holiday Comps Up 3.4%
J.C. Penney holiday season comparable store sales were up 3.4% as officials with the department store cited home as a key driver.
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Macy’s Holiday Comp Sales Up, More Store Closures Coming
Macy’s saw a slight increase in comparable store sales over the holiday shopping season, with the retailer also announcing that it will close 11 stores in the coming weeks.
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Bed Bath & Beyond Q3 Sales Flat, Comps Off Slightly
Third quarter sales at Bed Bath & Beyond were flat as comparable store sales for the period were down slightly.
Costco Cruises Through Q1
Costco cruised through its first quarter, with the early holiday sales season giving the warehouse club a jump in net sales, comps and net income.
Pier 1 Hits Q3 Headwinds
Pier 1 reported weaker than expected results in its third quarter, while noting that it is building a strategic growth plan to improve performance.
Conn’s Comps Slide But Q3 Returns Profit
Conn’s posted mixed results in the third quarter, with the retailer growing its net income although comps declined.
Q3 Comps Gain But 99 Cents Only Still Posts Loss
Although it enjoyed a significant boost in comparable store sales, 99 Cents Only Stores posted a net loss of $27.1 million in the third quarter, improving from a $37 million net loss in the previous third quarter.
Dollar General Delivers In Q3, Plans 900 New Stores
Dollar General delivered sales and income growth in the third quarter as the retailer outlined plans to expand its store base in 2018.
Hudson’s Bay Q3 Hurt By Overzealous Cost Cutting
Hudson’s Bay Company cost cutting went a bit too deep, it acknowledged, and cost the company in a third quarter when losses increased.
RH Credits Membership Model For Q3 Gains
As it touted the success of its membership operations model, Restoration Hardware gained in both net sales, comps and net income in the third quarter.
Fred’s Weighs Strategic Moves As Losses Continue
Fred’s board of directors is considering strategic transactions and alternatives for certain non-core assets including real estate and the specialty pharmacy business as the retailer’s losses continued to mount in the third quarter.
Michaels Advances In Third Quarter
Despite the impact of this year’s hurricanes, Michaels Companies reported net sales and income growth in the third quarter as it prepared for the holiday season.