Shares of the video game and consumer electronics company, GameStop, got crushed today after the company released sales figures that missed analysts’ expectations.The pandemic was largely seen as a tailwind for the consumer electronics and video gaming industry, as more people stay home and spend more time with TV and videogames. Perhaps for that reason, analyst expectations for GameStop revenues were too inflated, and the street did not take well to the CEOs comments about the pandemic straining sales.

Tiffany   returned to positive earnings in the fiscal second quarter, following its first quarter loss.  The luxury goods company’s earnings came in at $31.9 million, or 26 cents a share, lower than the year-ago period’s $136.3 million, or $1.12. Second-quarter revenue plunged -29% year-over-year to $747.1 million ; but that’s an improvement from the -45% year-over-year drop in the first quarter ended April 30.

Five Below  got share price target hikes from  several analysts. The discount retail company has around 90% of its stores reopened , according to its CEO CEO Joel Anderson.Analyst John Heinbockel mentioned in a report that Five Below should benefit from pent-up demand and from the government’s fiscal stimulus – factors that could lead to modest sales growth in the second half of the year, according to  Heinbockel. RBC Capital Markets analysts raised their share-price target to $115 from $102, and maintained their outperform rating.

Williams-Sonoma  got their price target hikes, following higher-than-expected same-store sales growth amid covid-19 crisis. The retailer of home furnishings and kitchenware reported same-store sales growth of +2.6% in the first quarter, crushing analysts’ anticipation of a - 11.5% decline.  Comparable sales in the e-commerce segment increased +31%. Wedbush analyst Seth Basham affirmed his outperform rating, and boosted his price target to $90 from $80.He also mentioned that consumers have been shifting their spending online, and also shifting spending to their homes as they reduce travel and entertainment. RBC Capital analyst Scot Ciccarelli hiked the price target on Williams-Sonoma to $76 from $70, and said that the first-quarter earnings beat was supported by "home-centric purchases," and e-commerce generating an even bigger sales growth than expected.

The retail company, however, suspended its full-year guidance. The company’s  non-GAAP earnings for the three months ending on May 2 came in at 67 cents per share, exceeding the the Street estimate of 43 cents per share .Online sales, surged +155.4% year-over-year,  while comparable physical store sales dropped -5.3% amid the COVID-19 pandemic Best Buy suspended its full-year earnings forecast.

L Brands   announced that private-equity firm Sycamore Partners gave legal notice to terminate the agreement to buy the controlling stake of lingerie brand Victoria’s Secret. Earlier this year, L Brands had said that it would sell a controlling stake in its Victoria’s Secret unit to Sycamore, valuing Secret at $1.1 billion.L Brands wanted to focus on its Bath & Body Works brand.   “Sycamore Partners delivered a notice April 22 purporting to terminate the transaction agreement relating to the sale of a 55% interest in … Victoria’s Secret,” L Brands said in a statement.  But L Brands believes that Sycamore Partners’ purported termination of the transaction agreement is invalid, and it intends to pursue all legal remedies to enforce its contractual rights (as indicated in the company’s statement).

GameStop Corp. reported a steep decline in holiday sales.  The company’s sales from continuing operations for the nine-week holiday period ending January 4 plunged -27.5% to $1.83 billion.Comparable store sales fell - 24.7% during the same period. George Sherman, GameStop’s chief executive officer, said that accelerated decline in new hardware and software sales coming out of black Friday and throughout the month of December was well below the company’s expectations.

GameStop shares slumped by double digits during after-hours trading Tuesday, after the company reported bottom-line that  missed analysts' expectations. For the quarter ended Nov. 2,  the video game retail company’s net loss came in at  -$1.02 a share, narrower than the year-ago quarter’s loss of -$4.78.Adjusted loss  from continuing operations was -49 cents a share, compared with earnings of 49 cents a year earlier.  Analysts were expecting earnings of 11 cents a share . GameStop’s revenue declined -26% to $1.44 billion, missing analysts’ estimate of $1.62 billion. For the full-year, the company projects  adjusted earnings of 10 to 20 cents a share, which is  below the Street’s expectation of $1.21 a share. CEO George Sherman mentioned that the company is on track to achieve its $200 million annualized operating-profit improvement goal by 2021.  

Ulta Beauty’s third-quarter earnings surpassed expectations,  on the back of sales of celebrity-led product lines. The beauty/skincare retail company reported earnings of $2.25 a share for the latest quarter, compared to $2.13 expected by analysts polled by Refinitiv. Revenue increased to $1.68 billion from $1.56 billion a year ago, but was slightly below analyst estimate of $1.69 billion. Same-store sales growth came in line with analysts’ expected +3.2%. The company has cited celebrity cosmetics-brands like those from Kylie Jenner and YouTuber James Charles for boosting demand at its stores. For the full-year, Ulta narrowed its earnings guidance to a range of $11.93 to $12.03 per share- from its prior forecast of $11.86 to $12.06 per share.

Shares of Ulta Beauty climbed Tuesday, after a board member increased stake in the cosmetics company. Ulta's stock price jumped +5.5%,  on news  of company board member Charles Heilbronn buying nearly a quarter million shares, thereby  upping the stake in the company to 2 million shares (as reported by Bloomberg).In a series of  transactions from Sept. 26-30, Heilbronn bought Ulta shares worth $87 million (243,849 shares)  through Mousseluxe SARL, which oversees the fortune of Chanel owners Alain and Gerard Wertheimer.

Lumber Liquidators shares declined Friday, after news of its founder pulling back from plans to buyout the home-improvement company. In an interview with Bloomberg, Tom Sullivan indicated that he had been working on a transaction, but had to re-think the plan after  perceiving that the company's stock price had gotten too high and the company had declined to engage in discussions. Last month, Lumber Liquidators reported second-quarter results that fell short of analysts' expectations, amidst the 25% tariff on imports from China that posed headwinds to the company's margins.It now expects same-store sales to be flat for the year, and forecasts low-single digits growth in revenue. According to a SEC filing on Friday, during the time span of about a month, Sullivan, bought stock for an average price of $7.88 a share, and then sold 1.25 million shares this week at an average of $11.68.

Ulta Beauty shares plummeted close to -30%  Friday, after the company lowered its fiscal- full-year outlook and also missed earnings expectations. The chain of stores selling cosmetics and hair & skincare products reported net income of $2.76 per share which, although higher than the year-ago quarter’s $2.46, fell short of the Street estimate of $2.80. Revenue for the quarter increased +12% year-over-year to $1.7 billion, which was in line with expectations.  Comparable sales (which in this case includes stores open at least 14 months and e-commerce sales) increased +6.2%.

Williams-Sonoma’s fiscal-second-quarter earnings came in higher than what analysts had expected. For the quarter ended Aug. 4, the e-commerce home-furnishing/kitchenware retailer reported adjusted earnings of 87 cents per share, compared to the Bloomberg estimate of 83 cents.Non-GAAP operating margin expanded +10 basis points to 6.9%.  Net revenue in the quarter rose +7.5% year-over-year to $1.37 billion, beating the Bloomberg estimate of $1.31 billion. Williams-Sonoma experienced comparable brand revenue growth of 6.5%, on the back of accelerating comparable growth for West Elm and Pottery Barn to 17.5% and 4.2%, respectively. Looking ahead, the company has predicted full-year non-GAAP diluted earnings-per-share of $4.60 to $4.80.

Five Below shares declined during extended trading, after the company’s second-quarter revenue missed analysts' expectations. For the quarter ended Aug. 3, Five Below’s net sales increased +20% year-over-year to $417.4 million, falling short of analysts’ estimates of $421.1 million.Anderson said the company opened 44 new stores in 21 states, and is on track to finish the year with 150 new stores. Looking ahead, Five Below has forecasted third-quarter net sales to range between $369 million and $374 million based on opening 55 new stores and assuming a 2% to 3% increase in comparable sales.

Discount retailer Five Below (Nasdaq: FIVE) is set to report second quarter earnings results on August 28 and analysts expect the company to earn $0.50 on revenue of $421.16 million.This means that if estimates are accurate, earnings will increase by 10% and revenue will increase by 21.1%. The company has been able to grow earnings by 36% per year over the last three years and sales have grown by an average of 24% per year during that same time period.

GameStop shares plunged nearly 30% in premarket trading Wednesday after the retailer announced it would eliminate its dividend as video game sales continue to decline and put pressure on its business.

Tiffany & Co. beat earnings estimates for the first quarter, but took a beating on same-store sales. For the three months ending April, the luxury jewellery company’s earnings came in at $1.03 per share, surpassing analysts’ estimates by 2 cents.The company’s total revenue fell -3% to $1 billion – a level lower than what analysts expected. Looking ahead, Tiffany projects 2019 earnings per share to increase by a "low single digit" percentage from last year, thereby lowering its forecast from a prior estimate of a "mid single digit" advance.

Once embattled electronics retailing giant Best Buy Inc. has been dodging death for some time now, but the question is, for how long? The company expects to grow same-store sales in 2019 amidst threats from tariff increase and concerns over consumer spending. For years, Best Buy had watched customers walk its floors and test out products they would then buy online for lower prices, often from Amazon.It is now trying to test options where consumers would return to stores to buy products instead of buying them cheaper from e-commerce sites like Amazon (AMZN). Under the current CEO, that trend is changing and the company boasts of retaining some of the customers who walked its floors.

Shares of Dick’s Sporting Goods surged after the company reported quarterly earnings that beat forecasts and raised its full-year outlook.Climbing 18% over last year, the retailer’s stock was up 6.2% initially and was again 2.1% in premarket trading. Key highlights of the quarter include: net income of $57.5 million, or 61 cents per share versus $60.1 million or 59 cents a share a year earlier; increase in sales by 0.6% to $1.92 billion higher than expected $1.9 billion; expected adjusted full-year earnings of $3.20 to $3.40 up from previous range of $3.15 to $3.35; flat overall same-store sales compared to a drop of 2.5% a year earlier; and online sales increased by 15%. Dick’s same-store sales growth is expected to recover in the second quarter as it continues to elevate its product assortment with key brands such as YETI.

Best Buy forecast estimate-beating Q2 sales and profit on Thursday as more and more customers opted for the electronic retailer’s tech support services and continue shopping on its website and app. The company clocked in better-than-expected profit in Q1 but shied away from disclosing full-year estimates keeping in mind the potential impact of U.S-China dispute, especially the latest imposition of tariffs on $200 billion worth Chinese goods. Post the announcement, shares of the company rose 2.1% in premarket trade.Key highlights of the Q1 include 40 points gross profit expansion to 23.7%, 14.5% rise of domestic online sales to $1.31 billion accounting for 15.4% of total quarterly revenue, 1.1% same-store sales rise versus an expected 0.9% increase, earnings per share at $1.02 versus estimated 86 cents per share.