- A 5% increase in comparable store sales
- Control of advertising, selling, administrative and general expenses (“operating expenses”) which declined 110 basis points of sales
- Repurchase of $27.5 million (0.4 million shares) of Class A Common Stock
Retail is struggling mightily.
Bricks-and-mortar retailers can't use slight improvements to fight off Amazon, RBC Capital Markets analyst Brian Tunick says.