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Macy’s, Kohl’s have positive January results
New York -- Department store retailers reported strong sales in January as shoppers responded positively to post-holiday clearance events.
Overall, the 20 retailers reporting January comps saw an average rise of 5.1%, according to the International Council of Shopping Centers, which beat the mall trade group’s 3% forecasted rise.
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Sally Beauty Q1 earnings double, but misses Street
Denton, Texas -- Sally Beauty Holdings Inc. reported Thursday that profit in the first quarter nearly doubled year-over-year – from $30.1 million to $59 million – but results still missed Wall Street expectations.
Revenue rose 4.7% to $905.4 million, shy of analysts’ expected $915.1 million in revenue.
Same-store sales rose 2.8%.