JC Penney Co Inc

Kohl’s first-quarter net sales declined 43.5% YoY (year-over-year) to $2.16 billion. The company lagged analysts’ estimate of $2.18 billion.

Kohl’s will likely report its first-quarter results on May 19. The mid-tier department store chain temporarily closed its stores starting on March 19.

COVID-19 might lead to doom for department store chains like Macy’s (NYSE:M) and JCPenney (NYSE:JCP). They struggled before the pandemic.

Stocks of major retailers fell on April 15 following news that US retail sales fell at a historical rate in March amid COVID-19.

Mid-tier department store chain JCPenney (NYSE:JCP) might file for bankruptcy. The news dragged the stock down by 26% as of 9:56 AM ET today.

Walmart (NYSE:WMT) stock has been rising despite the economic fallout amid the coronavirus outbreak. The stock has gained 11.4% this month.

Macy’s has decided to close 125 stores over the next three years. The company will also reduce 10% of its staff, which is around 2,000 corporate jobs.

This week has been quite a nightmare for Kohl’s investors. Three companies lowered their ratings for the mid-tier department store chain.

Kohl’s stock plunged 9.5% while JCPenney was down 11% today at 1:01 PM ET. These department store chains announced dismal holiday sales.

Kohl’s stock has been seeing increased pessimism among analysts lately. Jefferies downgraded its rating for the stock yesterday, followed by Cowen today.

JCPenney (JCP) stock rose 9.6% this year. Investors were relieved when the store announced better-than-expected third-quarter results in November.

Kohl’s stock has dropped 24.9% so far this year. Its peers Macy’s and Nordstrom have declined 47.5% and 16.6%, respectively, YTD.

Macy’s (M) earnings for the third quarter yet again reflected the struggle that’s facing department stores in this highly competitive retail market.

TJX Companies (TJX) reported better-than-expected earnings results for the third quarter of fiscal 2020, which ended on November 2.

Kohl’s (KSS) stock was down 17.6% as of 11:48 AM today after the company declared weak results for the third quarter of fiscal 2019.

In today’s Get Real, we saw updates on Disney+, another round of trouble for Facebook, a potential threat to Tesla, and much more.

Kohl’s is scheduled to announce its fiscal 2019 third-quarter earnings results on November 19. It lagged sales estimates in the second quarter.

Mid-tier department store chain JCPenney (JCP) impressed investors by reporting a lower-than-anticipated loss for the third quarter of fiscal 2019.

Macy’s (M) stock fell 4.2% on October 18 after Credit Suisse downgraded its rating. Credit Suisse downgraded the rating to “underperform” from “neutral.”

Target has just announced a partnership with Toys R Us parent company Tru Kids Brands to manage online sales and order fulfillment.

Levi Strauss reported its Q3 results after market hours yesterday. Levi’s Q3 EPS of $0.31 exceeded analysts’ expectations of $0.27.

The US retail sector has seen a bloodbath in the last five years. The latest to join the list is Forever 21, which filed for bankruptcy on Sunday.

Kohl’s (KSS) stock was down 6.3% as of 12:35 PM ET today as the company lagged analysts’ sales forecast for the second quarter.

JCPenney (JCP) stock rose 14% in today’s pre-market hours and was up 3.4% as of 2:19 PM ET after more disappointing earnings results.

Macy’s was down 14% as of 12:01 PM ET today after it announced a significant fall in its second-quarter earnings and lowered its full-year outlook.

Macy’s (M) is set to declare its fiscal 2019 second-quarter earnings results on August 14. Analysts expect Macy’s sales and earnings to fall in the quarter.

Retail stocks sank yesterday after Donald Trump tweeted that the US would impose a 10% tariff on $300 billion in Chinese imports, effective September 1.

Nordstrom (JWN) rose 7.9% on July 31, reacting to reports that the Nordstrom family may increase its stake from one-third to over 50% in the chain.

JCPenney (JCP) has hired advisors to evaluate its debt-restructuring options, as it needs more time to turn its struggling business around.

Levi Strauss stock fell 4.6% yesterday after Goldman Sachs downgraded it to “sell” from “neutral.”

Nordstrom (JWN) stock was down 2.5% as of 1:11 PM ET today after Goldman Sachs downgraded its rating for the department store chain to “sell” from “neutral.”

JCPenney (JCP) and several US companies continue to oppose President Trump’s proposed fourth tranche of tariffs on Chinese imports. In a letter addressed to the United States Trade Representative, JCPenney indicated that Trump’s latest round of proposed tariffs will hurt US consumers—and it looks like women will carry the brunt of the burden.

This year has been better for the consumer discretionary sector than the consumer staples sector and the S&P 500.

JCPenney (JCP) delivered yet another quarter of disappointing results when it announced its performance for the first quarter of fiscal 2019 today.

JCPenney (JCP) stock currently doesn’t have a “buy” recommendation from any analysts covering the stock, given its persistent weakness.

JCPenney (JCP) is slated to announce its results for the first quarter of fiscal 2019, which ended on May 4, on May 21.

Kohl’s (KSS) net sales fell 3.4% to $6.54 billion in the fourth quarter of fiscal 2018.

Kohl’s (KSS) stock surged 11.9% on April 23 in reaction to news of its expanded partnership with Amazon (AMZN).

Nordstrom (JWN) stock rose 1.7% on April 10 after KeyBanc upgraded its rating to an “overweight” from a “sector weight.”

JCPenney (JCP) stock rose 3.3% in after-market trading hours yesterday as the company announced the appointment of Bill Wafford as its executive vice president and chief financial officer, effective April 8.

Currently, analysts expect JCPenney’s revenue to decline in fiscal 2019.

JCPenney (JCP) stock was trading at $1.85 as of March 14, which reflects a 77.9% rise since the start of 2019.

Macy’s (M) stock rose 1.5% on February 26, the day the company announced its results for fiscal 2018 and the fourth quarter (ended February 2).

JCPenney (JCP) stock rose 22.5% as of 9:49 AM EST on February 28 due to the company’s fourth-quarter results.

Kohl’s (KSS) peer Macy’s (M) announced better-than-expected fiscal 2018 fourth quarter results on February 26, which led to a rise in stock prices for key players in the department store sector.

Nordstrom (JWN) is set to declare its fiscal 2018 fourth-quarter results after markets close on February 28.

JCPenney’s (JCP) revenue (net retail sales plus credit income) fell in each of fiscal 2018’s first three quarters.

JCPenney (JCP) is scheduled to announce its fiscal 2018 fourth-quarter results on February 28.

Department store chain Macy’s (M) is set to announce its fiscal 2018 fourth-quarter results on February 26.

JCPenney (JCP) will stop selling major appliances at its stores starting at the end of February.

Sears Holdings (SHLDQ) has been in the limelight for all the wrong reasons.

On January 16, Kohl’s (KSS) 12-month forward PE ratio was 12.1x. Meanwhile, Nordstrom (JWN), Macy’s (M), and Dillard’s (DDS) have PE ratios of 12.1x, 7.3x, and 11.2x, respectively.

Nordstrom (JWN) stock declined about 4% in after-market hours on January 15 after the company reported weak same-store sales for the holiday period.

JCPenney (JCP) stock rose 1.5% on January 15 in reaction to the mid-tier department store chain’s announcement of key executive appointments.

Lululemon Athletica (LULU) stock was up over 3.0% in pre-market trading today after the company raised its guidance for the fourth quarter of fiscal 2018.

Bank of America Merill Lynch downgraded Macy’s stock to an “underperform” after the department store reported weak holiday sales.

Kohl’s (KSS) stock fell 4.8% on January 10. Investors were disappointed with the sales growth deceleration during the holiday season.

According to a CNBC report, Sears Holdings (SHLDQ) might have one day to save itself from being liquidated.

JCPenney (JCP) stock was down 62.3% on a year-to-date basis as of December 19. The stock currently doesn’t have a “buy” recommendation from any of the 15 analysts covering it.

After reporting weak same-store sales growth in the first two quarters of fiscal 2018, JCPenney (JCP) further disappointed investors by reporting a 5.4% drop in its same-store sales in the third quarter of fiscal 2018.

JCPenney’s (JCP) disappointing performance in recent quarters has dragged its stock down 62.3% since the start of this year.

Kohl’s (KSS) reported its third-quarter results for fiscal 2018 on November 20. The third-quarter adjusted EPS came in at $0.98, easily beating analysts’ estimate of $0.96.

On November 20, Kohl’s Corporation (KSS) posted its third-quarter results. Net sales of $4.37 billion and adjusted EPS of $0.98 beat the consensus estimates.

JCPenney’s adjusted EPS was $0.22 in fiscal 2017.

Nordstrom (JWN) stock fell 9% in after-hours trading on November 16 following the announcement of its third-quarter results.

JCPenney (JCP) disappointed investors yet again when it reported its fiscal 2018 third-quarter results on November 15.

JCPenney’s (JCP) revenues fell 4.1% and 7.8%, respectively, in the first and second quarters of fiscal 2018.

In this series on Nordstrom’s upcoming third-quarter results, we’ll discuss the expectations for the company’s top line, margins, and earnings.

A challenging retail environment forced JCPenney (JCP) to book markdowns in the second quarter.

JCPenney stock rose 9.6% in after-hours trading on October 2 following the announcement that Jill Soltau will be the company’s new CEO.

On September 17, Kohl’s was trading at a 12-month forward PE multiple of ~14.0x.

Nordstrom’s (JWN) revenue grew 6.7% to $7.6 billion in the first half of fiscal 2018. In the second quarter, which ended on August 4, the company’s revenue grew 7.2% on a year-over-year basis to $4.1 billion.

JCPenney reported lower-than-expected adjusted EPS of -$0.38 in the second quarter of fiscal 2018 compared to analysts’ expectation of -$0.06.

JCPenney’s (JCP) net sales fell 7.5% on a YoY (year-over-year) basis to $2.76 billion in the fiscal second quarter, which ended on August 4.

Macy’s (M) reported its Q2 results on August 15, beating expectations. Macy’s stock fell 15.9% on August 15 but rose 1.9% on August 16.

As of August 13, Kohl’s stock price is up 40.9% on a YTD (year-to-date) basis.

As of August 10, 13 of the 16 analysts (81%) covering JCPenney (JCP) stock had a “hold” recommendation.

Nordstrom (JWN) stock fell 2.7% on July 10 following a rating downgrade by KeyBanc Capital Markets to “sector weight” from “overweight.”

In fiscal Q1 2018, JCPenney’s (JCP) gross margin declined about 240 basis points on a year-over-year basis to 33.8%.

JCPenney’s (JCP) net sales declined 4.3% to $2.6 billion in fiscal Q1 2018, which ended on May 5.

On June 27, JCPenney (JCP) stock fell 23.7% year-to-date. JCP stock has declined 21.5% since announcing its fiscal Q1 2018 results.

Of the 20 analysts covering Kohl’s (KSS) stock on June 22, most (50%) have recommended “hold,” while ~40% have recommended “buy,” and 10% have recommended “sell.”

On June 7, JCPenney (JCP) announced its partnership with Fanatics—a leading licensed sports merchandise retailer.

Department store retailer Sears (SHLD) fell 12.5% on May 31 after reporting its fiscal first-quarter results.

As of May 22, Kohl’s (KSS) was trading at a 12-month forward PE ratio of 11.2x. After the announcement of its first-quarter results on May 22, its valuation multiple has fallen 8.3%.

Lowe’s Companies, Inc. (LOW) is hiring J C Penny Company Inc.’s (JCP) CEO Marvin R. Ellison as its President and CEO, effective July 2. Here’s what you need to know.

The stock price of leading off-price retailer TJX Companies (TJX) was up 1.8% as of 10:53 AM EST today. The company announced its results for the first quarter of fiscal 2019.

On May 17, Nordstrom reported 0.6% growth in its comps on a YoY basis, which sent the stock down ~7% in after-hours trading.

Macy’s (M) stock surged 10.8% on May 16 in reaction to the company’s strong results for the fiscal first quarter, which ended on May 5.

As of May 15, Sears Holdings’ (SHLD) stock is down 2.2% to $3.50 on a YTD (year-to-date) basis.

Sears Holdings (SHLD) is expected to announce first-quarter results on May 23.

Sears Holdings (SHLD) is expected to report a revenue decline of 33.6% to $2.9 billion in the first quarter.

On May 14, Kohl’s (KSS) was trading at a 12-month forward PE (price-to-earnings) multiple of 11.4x.

Currently, most analysts covering JCPenney (JCP) stock recommend “hold.”

On May 7, the stocks of Macy’s, Nordstrom (JWN), Kohl’s (KSS), and JCPenney (JCP) fell 3.8%, 2.0%, 4.3%, and 3.5%, respectively.

In an environment where retailers ranging from Macy’s (M) to JCPenney (JCP) to Sears (SHLD) are closing stores to cut down costs, Five Below is on a store opening spree.

Most of the analysts who have provided recommendations on Kohl’s (KSS) have maintained “buy” ratings on its stock.

In 4Q17, Kohl’s (KSS) reported a gross profit of $2.3 billion, up 10.7% on a YoY (year-over-year) basis, driven by higher revenue.