The latest ecommerce earnings results are out from retailers in Digital Commerce 360’s Top 2000 Database. The Lovesac company grew net sales 2.5% year over year in its most recent quarter, helped by rising omnichannel sales. However, tariffs continued to weigh on its margin expectations.

At GameStop, collectibles accounted for a growing share of net sales, which were up 21.8% year over year in Q2.

Parentheses indicate the merchant’s ranking in the Top 2000, unless otherwise noted. The database ranks North America’s largest ecommerce retailers by their annual web sales.

This week’s ecommerce earnings takeaways

• Lovesac net sales increased 2.5% year over year, as online sales declined and tariffs remained a challenge.
• GameStop net sales grew 21.8% from a year ago in its Q2, with collectibles rising in importance for its business.

Chewy Inc. (No. 9)

Q2 2025 net sales: Chewy Inc. said net sales grew 8.6% year over year to $3.1 billion in its fiscal second quarter ended Aug. 3. It attributed 83% of total net sales to its Autoship program.

Read more on Chewy’s quarterly sales here.

GameStop Corp. (No. 55)

Q2 2025 net sales: GameStop Corp. recorded a net sales increase of 21.8% year over year to $972.2 million in its fiscal second quarter ended Aug. 2. Meanwhile, net income was also up dramatically, growing 1,039.2% to $168.6 million over the same period. Notably, the quarter saw the launch of Nintendo’s Switch 2 video game console.

Collectibles sales grow in importance: By category, GameStop’s Collectibles sales increased their share of net sales from a year earlier. Ultimately, collectibles accounted for 23.4% of net sales at the retailer during its Q2. That was up from 17.5% in the same period a year ago.

Bitcoin value: GameStop noted that the value of its Bitcoin holdings was $528.6 million as of the end of its Q2.

The Kroger Co. (No. 6)

Q2 2025 total sales: The Kroger Co. reported a total sales increase of 0.8% year over year to $33.9 billion in its fiscal second quarter ended Aug. 16. In addition, ecommerce sales increased 16% year over year during the quarter

Read more on Kroger’s quarterly sales here.

The Lovesac Company (No. 398)

Q2 2026 net sales: The Lovesac Company reported a net sales increase of 2.5% year over year to $160.5 million in its fiscal Q2 ended Aug. 3. The furniture retailer credited a 0.9% year-over-year increase in omnichannel comparable net sales for its gains. In addition, it cited success at 16 new showrooms.

Lovesac ecommerce sales: Internet sales declined 4.1% year over year for Lovesac during its Q2, That was in stark contrast to a 10.4% increase in sales from its physical showrooms for the same period. Meanwhile, omnichannel sales, which grew year over year, include sales at all retail locations and online.

Mary Fox, the retailer’s president, noted on an earnings call that it has been investing in its ecommerce experience.

“As we launch new product lines, including Snugg, we continue to invest in optimizing the digital experience,” she stated. “Through our research, we know that customers shop differently for sectionals versus couches and chairs.”

That process has included work on Lovesac’s website, including its homepage.

“And as a result, we significantly improved the top navigation, implementing a more intuitive design based on furniture shopping behaviors and quicker product finding,” she said.

Lovesac’s tariff-mitigation efforts: Shawn Nelson, the founder, CEO and director at Lovesac, updated investors on anticipated tariff impact. Despite success working with vendors and adapting supply chain efforts, he noted that Lovesac had lowered its gross margin range.

“We have made solid progress on mitigation factors, including select price increases taken early in the fiscal third quarter,” Nelson stated. “However, with incremental worsening in the tariff backdrop and continued pressure on competitive discounting, we have lowered our gross margin range, which has impacted the bottom line ranges accordingly.”

Other recent ecommerce earnings results

1-800-Flowers.com Inc. (No. 60)

Q4 2025 net revenue: 1-800-Flowers Inc. said net revenue fell 6.7% year over year to $336.6 million in its fiscal Q4 ended June 29. During the same period, ecommerce sales declined 7.2%.

New CEO’s vision for ecommerce: Adolfo Villagomez, who joined 1-800-Flowers.com in May as CEO to replace outgoing CEO (and founder) Jim McCann, noted plans to go “beyond” the retailer’s ecommerce sites. He seeks to implement a turnaround plan.

Specifically, Villagomez cited “marketplaces and on-demand delivery” during an earnings call as potential areas where 1-800-Flowers.com could connect with customers.

“You need to have your products where the customers are, and that is impacting our business in the short term because we were not agile to go into these other channels,” Villagomez stated. “But as we speak, we’re expanding into other channels to actually drive sales. We’re in the process of expanding our products to other delivery platforms to marketplaces and other opportunity areas.”

In addition, he mentioned “self-consumption” as an area of focus that could expand sales outside of gifting.

Academy Sports and Outdoors Inc. (No. 156)

Q2 2025 net sales: Academy Sports and Outdoors Inc. reported that net sales increased 3.3% year over year to $1.6 billion in its fiscal second quarter ended Aug. 2. Ecommerce sales grew even faster, up 17.7% over the same period.

Ecommerce sales: CEO and director Steven Lawrence called ecommerce sales growth one of the company’s current priorities during an earnings call with investors. He expects to see growth continue in the second half of the current fiscal year.

“The team has taken a back-to-basics approach with a focus on streamlining site navigation and functionality, improving order fulfillment options and speed and offering a greatly expanded endless aisle assortment,” he stated. “The efforts the team put in on this front helped drive approximately 18% growth in our dot-com business during the quarter.”

Lawrence saw “improvement we have seen in both online conversion and average order value this year” as a positive signal.

Alibaba Group Holding Limited

Q1 2026 revenue: Alibaba Group Holding Limited said revenue grew 1.8%  year over year to $34.6 billion in its fiscal first quarter. CEO Eddie Wu said Alibaba’s strategy remains fixed on “consumption and AI + Cloud.” He asserted that these are the company’s two pillars for long-term growth.

Read more on Alibaba’s ecommerce earnings here.

Amazon.com, Inc. (No. 3)

Q3 2025: Amazon.com Inc.’s net sales rose 13% year over year to $167.7 billion in its fiscal second quarter ended June 30. North America segment sales grew 11% to $100.1 billion. Excluding foreign exchange effects, total net sales increased 12% year over year.

Read more on Amazon’s sales here.

American Eagle Outfitters Inc. (No. 156)

Q2 2025 net revenue: American Eagle Outfitters Inc. recorded a net revenue decline of 0.6% year over year to $1.3 billion in its fiscal second quarter ended Aug. 2. Still, the company beat expectations as operating income grew 2.0% year over year to $103.1 million. Leadership said the company benefited from marketing campaigns featuring actress Sydney Sweeney and NFL star Travis Kelce.

American Eagle’s Sydney Sweeney and Travis Kelce campaigns: “Over a year in the making, these two signature collaborations have generated a strong response driven by limited edition merchandise demonstrating the power of celebrity style and great product,” said Jennifer Foyle, president and executive creative director of AE and Aerie, during American Eagle’s earnings call. “Sweeney Signature jeans sold out within a week and some products within one day.”

Momentum going into fall: Jay Schottenstein, executive chairman of the board and CEO at AEO Inc. noted that the retailer achieved its “second highest enterprise revenues ever recorded for the second quarter.”

He credited the success of the Sweeney and Kelce campaigns with setting American Eagle up for success in the fall.

“The fall season is off to a positive start,” he stated. “Fueled by stronger product offerings and the success of recent marketing campaigns with Sydney Sweeney and Travis Kelce, we have seen an uptick in customer awareness, engagement and comparable sales.”

The Home Depot Inc. (No. 4)

Q2 2025: The Home Depot Inc. said net sales jumped 4.9% year over year to reach $45.28 billion in its fiscal second quarter ended Aug. 3. Meanwhile, online sales increased 12% year over year as the home improvement retailer worked to speed up fulfillment.

Read more on Home Depot’s online sales here.

Lululemon Athletica Inc. (No. 24)

Q2 2025 net revenue: Lululemon Athletica Inc. reported a net revenue increase of 6.5% year over year to $2.5 billion in its fiscal second quarter ended Aug. 3. Despite those gains, revenue struggled in the Americas. There, it was up 1% on both a reported and constant currency basis. Comparable sales declined 3% year over year. Lululemon’s net revenue for its international operations increased 22% over the same period.

Tariff problems for Lululemon: “In the second quarter, we exceeded expectations on EPS, but revenue fell short of our guidance driven predominantly by our U.S. business,” said Meghan Frank, the chief financial officer at Lululemon. “We are also navigating industry-wide challenges, including higher tariff rates.”

Frank noted that the retailer is “navigating increased costs related to tariffs and the removal of the de minimis exemption.”

As a result, Lululemon revised its full-year outlook. New expectations factor in an estimated reduction in gross profit of about $240 million.

Impact from the end of de minimis exemptions: “As rates in total have actualized higher and the de minimis exemption has been removed, we now expect a 220 basis point or approximately $240 million mitigated impact on gross margin for the year,” Frank explained. “This impact reflects our best estimate, recognizing the actual effect could vary depending on how conditions evolve and our mitigation efforts perform.”

When de minimis exemptions ended in the U.S. for all countries globally on Aug. 29, the change ended a significant source of savings on ecommerce orders for Lululemon.

“In terms of de minimis, given that we have [distribution center] infrastructure in Canada, we have been well positioned to ship some of our ecommerce orders to our U.S. guests,” Frank said. “As most of these shipments were under $800, they qualify for the de minimis exemption, and we realized meaningful duty savings.”

Macy’s Inc. (No. 17)

Q2 2025 net sales: Macy’s Inc. reported that net sales declined 2.5% year over year to $4.8 billion in its fiscal Q2 ended Aug. 2. The retailer managed to beat analysts’ expectations. Tony Spring, chairman and CEO at Macy’s, said it held advantages as a “multi-brand, multi-category, omnichannel retailer.”

Read more on Macy’s Q2 sales here.

Salesforce Inc.

Q2 2026 revenue: Salesforce Inc. recorded a revenue increase of 9.8% year over year to $10.2 billion in its fiscal second quarter ended July 31. It was the first quarter in which the software and ecommerce platform provider’s revenue exceeded $10 billion.

Read more on Salesforce revenue here.

Signet Jewelers Limited (No. 57)

Q2 2026 sales: Signet Jewelers Limited sales grew 3.0% year over year to $1.5 billion in its fiscal Q2 ended Aug. 2. It was the first quarter in which the software and ecommerce platform provider’s revenue exceeded $10 billion. The retailer’s digital brand Blue Nile returned to positive comps in July, said Joan Hilson, chief financial and operating officer at Signet. It also delivered a 25% increase in fashion revenue in the second quarter. In addition, the company is evaluating options for its other digital brand, James Allen.

“Based on testing to date, we believe the James Allen customer will respond well to faster ship options and more finished jewelry offerings in fashion basics,” Allen stated. “We expect James Allen’s impact to same-store sales for the balance of the year to moderate to a range of 60 to 90 basis points.”

Omnichannel plans: James Symancyk, CEO and director at Signet, called customer experience “the third lever of our go-to-market strategy,” but “one that will take more time to fully achieve.” He mentioned during an earnings call with investors that he wants to see the company build out its omnichannel presence.

“Our goal is to create unique experiences at each of our brands that enhance the overall omnichannel model, integrating the brand experience from digital to physical down to remerchandising the cases,” Symancyk assessed. “Our recent reorganization has placed store operations, including the store experience, directly under our brand leaders, giving them both the opportunity and the responsibility to create unique customer experiences over time.”

Target Corporation (No. 5)

Q2 2025: Target Corporation recorded a net sales drop of 0.9% year over year to $25.2 billion in its fiscal second quarter ended Aug. 2. Despite overall challenges, the retailer’s online sales increased 4.3% from a year earlier. Target credited 25% growth in same-day delivery through its Target Circle 360 paid membership program growth in Drive Up use.

Read more on Target’s online sales here.

Walmart, Inc. (No. 2)

Q2 2026: Walmart Inc.’s total sales were up 4.8% year over year to $177.4 billion in its fiscal second quarter ended July 31. Online sales alone increased 25% over the same period. CEO Doug McMillon said Walmart would keep prices “as low as we can for as long as we can” in the face of tariffs.

Read more on Walmart’s ecommerce earnings here.

Ecommerce earnings calendar

Here’s when other ecommerce earnings are scheduled to report this quarter:

• FedEx: Sept. 18

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