FINANCE

The Children’s Place has tough Q1, will shutter stores
The first quarter of fiscal 2022 was not fun and games for the largest pure-play children’s specialty apparel retailer in North America.
Foot Locker boosts Q1 sales as profits slip
Foot Locker Inc. reported mixed financial results for its first quarter ended April 30, 2022.

Ross Stores scales back forecast after tough Q1
Ross Stores Inc. saw year-over-year declines in net earnings, sales, and same-store sales in a challenging first quarter of fiscal 2022.
BJ’s sees strong results in Q1
BJ’s Wholesale Club Holdings Inc. has a lot to be happy about with its financial performance in the first quarter of fiscal 2022.
Kohl’s misses expectations with Q1 sales decrease; exploring sale
Add Kohl’s to the list of top-tier retailers that experienced a disappointing first quarter of fiscal 2022.
McDonald’s finds buyer for Russian business
McDonald’s Corp. is wasting no time in its effort to exit the Russian market.
Cool weather chills Lowe’s Q1 sales
Lowe’s Cos. reported first-quarter profit that easily topped expectations, but its sales fell short, hurt by unseasonably cold temperatures in April.
Consumer spending on Father’s Day on par with last year
Consumers aren’t letting inflation get in the way of celebrating Father’s Day.
TJX profit tops Street, but revenue disappoints
The TJX Cos. reported first-quarter profit that topped analysts' expectations but its revenue came up short and the company lowered its full-year sales outlook.
Target Q1 earnings plunge amid ‘unusually high costs’
Target Corp. racked up its 20th consecutive quarter of sales growth but its bottom line took a big hit as freight and transportation costs came in much higher than expected.
Retail sales rise in April amid consumer resilience
Even record inflation didn’t damper Americans' penchant to spend in April, as retail sales overcame higher prices to show both monthly and year-over-year increases.
David’s Bridal acquires wedding planning startup Anomalie
The nation’s largest bridal retailer continues to expand its omnichannel capabilities with a new purchase.
Home Depot posts strongest Q1 sales in its history; raises full-year outlook
The Home Depot came fast out of the gate in its first quarter, with strong earnings and record sales.
Walmart in big earnings miss amid higher product, supply chain costs
Walmart reported mixed first-quarter results as increased costs for food, fuel and wage took on a toll on profitability even as sales continued to show momentum.

Coverage and analysis on finance news, including quarterly results, general retail sales and bankruptcy filings, for the retail channel brought to you by Chain Store Age.