Same store sales at Walmart's U.S. stores declined 1.4% in the first quarter, but the retailer forecasts comps should rebound during the second quarter.
TJX and Ross both reported April sales results that exceeded expectations. Same store sales for the four-week period ended May 4, increased 8% for TJX, while Ross saw a same-store sales increase of 7% for the same period.
Off price retailer Ross Stores achieved record fourth quarter sales and earnings and expects to deliver more of the same in 2013 thanks to an unwavering commitment to offering great bargains.
Same store sale decelerated for The TJX Companies and Ross Stores during January even though both companies increased their full year profits forecasts.
Strength in the computing, mobile phone and appliance categories enabled Best Buy to report flat same store sales during the holidays and temporarily silence the voice of those who had prematurely written the company’s obituary.
Same store sales in November at Target plunged unexpectedly while apparel discounters and Costco kept humming and Kroger extended its string of consecutive comp increases to nine years.
Surprisingly strong third quarter same store sales growth at Chico’s was attributed to a blend of compelling fall fashion assortments and effective marketing.
Same-store sales at Target increased 2.1% during September, in line with expectations for a low single-digit increase, and the company said it would discontinue reporting monthly results in 2013.
Same store sales increased 5.1% at Dollar General during the second quarter and the company remains on track to open more than 600 new stores this year.