Target; Sears; Nordstrom

The numbers you need to know today

January 10, 2018

Bull's-Eye Performance: Target's comparable sales in the November/December period grew 3.4%, driven in large part by digital. Target says its stores fulfilled over 70% of its digital order volume during the period, through in-store pickup options as well as by sending items directly to consumers. The retail giant expects 2017 will be the fourth consecutive year that its digital sales grew more than 25%. Per eMarketer Retail's companies database, Target's comparables grew 0.9% in Q3 2017. 

Sales Hurdles: Sears Holdings Corp. is reporting that for the first two months of Q4 2017, comparable store sales at Sears and Kmart have declined roughly 16% to 17%. The company, which recently announced it would be closing 64 Kmart stores and 39 Sears locations, has also raised $100 million in new financing—and is pursuing an additional $200 million—as it looks to "improve the terms on potentially more than $1 billion of debt." Sears' comparable sales fell 15.3% in Q3 2017, per eMarketer's companies database.

More Holiday Growth: Meanwhile, Nordstrom's comparable sales for the November/December period grew 1.2%. The company says this is a reflection of improved stores and continued growth in ecommerce. 


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