Tag: same-store sales

Retail Types, Stores

Lowe’s expects sales to rise about 22% in fiscal 2020 as turnaround efforts gain traction

December 9, 2020


Lowe’s said Wednesday it expects sales to grow by about 22% next year, as its turnaround efforts gain momentum, and it gets a boost from the popularity of home improvement projects during the coronavirus pandemic. Same-store sales are expected to […]

E-commerce, Retail Types, Stores

Best Buy tops estimates on strong online sales, but shares fall on lack of holiday forecast

November 24, 2020


Best Buy’s third-quarter earnings soared past Wall Street’s expectations, but shares dropped Tuesday as the retailer warned of headwinds from higher shipping costs, inventory challenges and lower-margin holiday sales. The retailer declined to provide an outlook for the fourth quarter […]

Retail Types, Stores

Macy’s same-store sales drop more than 20%, as Covid threatens holidays

November 19, 2020


Macy’s on Thursday reported a quarterly same-store sales decline of more than 20%, as consumers cut back their spending on clothes and accessories at America’s department stores during the coronavirus pandemic. The results, which come a week ahead of key […]