Kroger expects its financial results of the second half of 2018 to be similar to those achieved in the first half of the year, according to its latest guidance, which is also still in line with analysts’ forecasts.
Walmart is standing by its total sales growth expectations for the fiscal year 2019, but lowering its adjusted earnings per share to $2.65 to $2.80, down $2.90 to $3.05.
Sears will close 142 stores near the end of the year, in addition to Eddie Lampert, its chairman, CEO and biggest shareholder, stepping down as CEO, effective immediately.
Sears, the parent company of Kmart, has hired M-III Partners, a boutique advisory firm, to prepare a bankruptcy filing, according to a report by the Wall Street Journal.
In its second quarter, Bed Bath & Beyond reported net earnings of $48.6 million, and net sales of approximately $2.9 billion, which fell below analysts’ expectations of $2.96 billion.
