Macy’s Inc. reported a 1.1% decline in net sales for the second quarter, from $5.6 billion to $5.5 billion, with comp sales inching up just 0.5% and double-digit online sales in the same period. Mobile sales via the Macy’s app were up 50%+ in the first half of 2018. See how Macy’s did in other areas of its business.
Target reported a 41% increase in ecommerce sales during the second quarter, with overall revenue increasing 7%. Comp sales were up 6.5% in the quarter, the strongest showing since 2005, driven by a 6% growth in store traffic. Here are some opportunities Target plans to focus on in the future.
Nordstrom reported a healthy 23% increase in ecommerce sales for the second quarter, accounting for more than a third of the company’s total sales, which were up 7% over last year.
JC Penney reported a net loss of $101 million in the second quarter, more than double the 2017 Q2 loss of $48 million, while its comparable sales inched up 0.3%. Here is what JC Penney has planned for the first of 2018.
Target reported a healthy 28% gain in ecommerce sales in the first quarter, while same-store sales rose 3%, helped by a 3.7% growth in traffic. Strong categories included home goods, household essentials and food and beverage. Here is what Target has implemented that led to the success of the first quarter.
Wayfair saw a successful first quarter with online sales up 48% year-over-year and total net revenue up 46% or about $450 million. Here is what the brand had to say about its Way Day event and how it’s doing internationally.
Pier 1 Imports saw ecommerce growth during the first quarter of 2017. Ecommerce sales totaled $99.3 million, representing a 23% increase year-over-year. See how ecommerce played a role in overall sales and what the retailer is planning to focus on going forward.
Walmart reported a healthy 21% jump in its ecommerce sales for the third quarter. Here is what this increase in sales means for the big-box retailer.
Wayfair Inc. one of the world’s largest online destinations for home furnishings and décor, reported a 109% increase in overall gross sales.
Target is making active plans to become a leader in digital as it moves forward to the rest of the year. See what plans Target has in place for the rest of 2015.