Sears Comps Skid, To Close 28 More Kmarts
With a double digit comparable sales decline, the second quarter proved difficult for Sears Holdings and its store network. The struggling retailer also said it would close 28 more Kmart stores.
With a double digit comparable sales decline, the second quarter proved difficult for Sears Holdings and its store network. The struggling retailer also said it would close 28 more Kmart stores.
Williams-Sonoma advanced in the second quarter, with the majority of its retail banners posting comp gains, highlighted by West Elm’s performance.
While Lowe’s reported that its results were pressured by operating margins, the home improvement retailer still boosted its net sales, comps and earnings in the second quarter.
It was a mixed second quarter for Kirkland’s, as the retailer posted sales growth but also a net loss.
Ace Hardware reported a rise in net sales and comps for its second quarter.
It was another strong quarter for Ross Stores, as the off-price retailer posted gains in overall sales, comps and earnings.
Walmart advanced in the second quarter, gaining both store and digital sales, as the retailer continued to ramp up its e-commerce and technology investments.
It was a strong second quarter for The Home Depot as the home improvement retailer reported solid gains in comparable store sales.
E-commerce growth and the company’s annual anniversary sale gave Nordstrom a second quarter lift.
Although sales gained slightly in the second quarter, J.C. Penney’s loss expanded year over year, as the retailer pointed to a comp decline and the impact of a store closing initiative.