The division also had its first annual same -
store sales dip, according to various analyst estimates.
Best Buy Co. said comparable
store sales dipped 0.8 per cent for the nine weeks ended Jan. 4, but that was better than the 1.7 per cent decline in the prior - year period.
Barnes & Noble said same -
store sales dipped 0.3 %, hurt by Nook sales.
Not exact matches
Even though Costco's earnings report beat Wall Street's profit and same -
store sales estimates, Cramer warned investors not to buy this particular
dip because of its Amazon ties.
Over the same period, even the mighty McDonald's saw
sales dip in the U.S. Edward Jones analyst Brian Yarbrough is confident Tim's same -
store sales will rebound.
It disclosed its sixth consecutive quarter of
dipping same -
store sales and slashed its outlook for the year.
Though
sales at
stores open at least a year were up, the retailer's closure of 139 locations in the past year contributed to an overall
sales dip of 1.8 %, to $ 2.81 billion in the third quarter compared with $ 2.86 billion during that time period in 2016.
They
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«
Sales at our
store definitely took a big
dip at that time,» Leonard said, adding that this trend had reversed itself by this time last year.
Same -
store sales slid over 6 percent during the holiday season while online
sales dipped 4.5 percent, making it one of the few e-retailers that lost business.
J. Crew's outlet
store J. Crew Factory sells a wool Thompson suit that retails for $ 360 but often
dips below $ 300 with
sales.
The company reported that in the fourth quarter of 2015 same -
store sales for its off - price division, Nordstrom Rack,
dipped 3.2 percent.
Macy's announced the
store closings on the same day that it reported second quarter total
sales were $ 5.8 billion, a 3.9 percent
dip from the same period last year.