Best Buy Q2 comp sales +4.1% (vs. +1.0% outlook) “Raising F27 annual guidance to: Comparable sales % change of 1.9% to 3.0%, compared to prior guidance of (1.0%) to 1.0%.” Press release

 

…Best Buy tops quarterly estimates, raises outlook as computing shows strength at CNBC. “The earnings marked the last quarter of reporting under current CEO Corie Barry. (Jason) Bonfig will take over the reins of the company on Nov. 1…” Read more

 

Dollar General Corp Q2 comp sales +3.5% “…reflecting increases of 2.0% in customer traffic and 1.5% in average transaction amount…growth in each of the consumables, seasonal, home products, and apparel categories.” Press release

 

Dollar Tree, Inc. Q2 comp store net sales +3.7% “…on top of 6.5% last year. Comparable store net sales growth included a 3.3% increase in average ticket and a 0.4% increase in traffic.” Press release

 

Burlington Stores, Inc. Q2 comp sales +2.0% Press release

 

Abercrombie stock jumped 35% yesterday at WSJ. “Abercrombie’s second-quarter sales climbed 4.8%… Sales across the company’s namesake brand rose 8%…helping to offset more tepid growth across its Hollister brand. Comparable sales…were flat.” WSJ subs.

 

Urban Outfitters, Inc. Q2 comp retail segment net sales +6.2% Press release

 

Williams-Sonoma, Inc. Q2 comp sales +6.2% Press release

 

Build-A-Bear Q2 net retail sales down 7.1% Press release

 

Shein Bets on Deals to Revive Its Fashion Success After $70 Billion Plunge at Bloomberg. “Clad in a white T-shirt and slacks, (founder) Xu, who is also ceo, said Shein’s own brand is no longer able to drive the rapid growth it previously banked on. To keep expanding, he said Shein is looking to buy other fashion labels or partner with them, and use its quick-turnaround supply chain in China to boost their sales and margins, according to people familiar with his remarks.” Bloomberg subs.

 

Kohl’s Q2 comp sales down 0.9% Press release

 

Bath & Body Works Q2 net sales down 2.3% Press release

 

Home Depot Hires Kroger Exec To Lead Retail Media at Media Post. “(Christine Foster) replaces Melanie Babcock, who left Home Depot last October to join 1-800-Flowers as chief marketing and growth officer. Foster was group vice president of commercial strategy and operations at Kroger Precision Marketing…” Read more