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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.
A Deal with JCPenney Might Be Good for Amazon Stock
Amazon (NASDAQ:AMZN) stock has emerged as investors’ favorite amid COVID-19. The company has approached JCPenney about a potential deal.
Will Kohl’s Q1 Results Reflect Its Plight amid COVID-19?
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.
Will Macy’s Survive COVID-19 or Sink Like JCPenney?
COVID-19 might lead to doom for department store chains like Macy’s (NYSE:M) and JCPenney (NYSE:JCP). They struggled before the pandemic.
US Retail Sales Fell in March, COVID-19 Hurt Demand
Stocks of major retailers fell on April 15 following news that US retail sales fell at a historical rate in March amid COVID-19.
JCPenney: Is Bankruptcy the Only Option Left?
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.
Should Investors Consider Buying Walmart Stock?
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 Will Close 125 Stores amid Online Shopping Demand
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.
Kohl’s Gets a Downgrade after Dismal Holiday Sales
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, JCPenney Slide amid Weak Holiday Sales
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.
Is Analyst Pessimism for Kohl’s Stock Increasing?
Kohl’s stock has been seeing increased pessimism among analysts lately. Jefferies downgraded its rating for the stock yesterday, followed by Cowen today.
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Will JCPenney Recover or Sink Further in 2020?
JCPenney (JCP) stock rose 9.6% this year. Investors were relieved when the store announced better-than-expected third-quarter results in November.
Could Kohl’s Stock Continue to Fall?
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 Stock Falls after Earnings on Weak Outlook
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’ Q3 Earnings Impress Investors
TJX Companies (TJX) reported better-than-expected earnings results for the third quarter of fiscal 2020, which ended on November 2.
Kohl’s Tanks on Weak Q3 Results, Cuts Outlook
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.
Get Real: Stocks Continue to Soar in the Market
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Will Kohl’s Q3 Sales Exceed Expectations?
Kohl’s is scheduled to announce its fiscal 2019 third-quarter earnings results on November 19. It lagged sales estimates in the second quarter.
JCPenney Stock Soars on Lower-than-Expected Q3 Loss
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 Stock Fell More after Rating Downgrade
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.”
Can Target Save Toys R Us from the Retail Graveyard?
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Levi’s Beat the Blues: Q3 EPS Exceeded Expectations
Levi Strauss reported its Q3 results after market hours yesterday. Levi’s Q3 EPS of $0.31 exceeded analysts’ expectations of $0.27.
Forever 21 Bankruptcy: Should You Shun Retail Stocks?
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 Stock Plunges after Mixed Q2 Results
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 Earnings: Dismal Sales but Narrower Losses
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 Stock Plummets on Dismal Q2 Earnings
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.
What to Expect from Macy’s Q2 Results
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 Crash as Trump Announces More Tariffs
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 Family: Seeking a Bigger Stake in the Store?
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 Seeks Help from Advisors Amid Debt Struggles
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 Got a Downgrade from Goldman Sachs
Levi Strauss stock fell 4.6% yesterday after Goldman Sachs downgraded it to “sell” from “neutral.”
Nordstrom Stock Falls as Goldman Downgrades to ‘Sell’
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: Trump’s Tariffs Affect Women Customers Most
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.
Which Consumer Stocks Caught Investors’ Attention Last Week?
This year has been better for the consumer discretionary sector than the consumer staples sector and the S&P 500.
JCPenney Disappoints Again with First-Quarter Earnings
JCPenney (JCP) delivered yet another quarter of disappointing results when it announced its performance for the first quarter of fiscal 2019 today.
How Wall Street Rates JCPenney Stock prior to Q1 Results
JCPenney (JCP) stock currently doesn’t have a “buy” recommendation from any analysts covering the stock, given its persistent weakness.
What to Expect from JCPenney’s First-Quarter Results
JCPenney (JCP) is slated to announce its results for the first quarter of fiscal 2019, which ended on May 4, on May 21.
April’s Retail Sales Report Affects the Consumer Sector
Consumer spending has been trending downward this year with the US economy facing headwinds like slower tax refunds and the ongoing trade wars.
What Analysts Expect from Kohl’s Fiscal 2019 Sales
Kohl’s (KSS) net sales fell 3.4% to $6.54 billion in the fourth quarter of fiscal 2018.
Kohl Investors Welcome Expansion of Partnership with Amazon
Kohl’s (KSS) stock surged 11.9% on April 23 in reaction to news of its expanded partnership with Amazon (AMZN).
Why KeyBanc Upgraded Nordstrom Stock
Nordstrom (JWN) stock rose 1.7% on April 10 after KeyBanc upgraded its rating to an “overweight” from a “sector weight.”
JCPenney’s Fiscal 2019 Results: What Wall Street Expects
On March 26, JCPenney (JCP) announced the appointment of Bill Wafford as its CFO, effective April 8. The new CFO has a huge task ahead of him, improving JCPenney’s margins and bottom line.
JCPenney Stock Up on News of CFO Appointment
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.
What Analysts Expect from JCPenney’s Fiscal 2019 Earnings
JCPenney’s adjusted EPS fell to $0.18 in the fourth quarter of fiscal 2018, which ended on February 2.
Do Analysts Expect JCPenney’s Revenue to Improve in 2019?
Currently, analysts expect JCPenney’s revenue to decline in fiscal 2019.
How Is JCPenney Stock Positioned in 2019?
JCPenney (JCP) stock was trading at $1.85 as of March 14, which reflects a 77.9% rise since the start of 2019.
Key Takeaways from Macy’s Q4 and Fiscal 2018 Results
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 Stock Is High Due to Strong Q4 Results
JCPenney (JCP) stock rose 22.5% as of 9:49 AM EST on February 28 due to the company’s fourth-quarter results.
Will Kohl’s Stock Gain Momentum on Q4 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.
Could Nordstrom’s Fourth-Quarter Results Beat Expectations?
Nordstrom (JWN) is set to declare its fiscal 2018 fourth-quarter results after markets close on February 28.
How Analysts Are Rating JCPenney Stock
As of February 21, of the 15 analysts following JCPenney (JCP) stock, ten (67%) recommended “hold,” and five recommended “sell.”
Could JCPenney Surpass Analysts’ Q4 Revenue Expectations?
JCPenney’s (JCP) revenue (net retail sales plus credit income) fell in each of fiscal 2018’s first three quarters.
JCPenney’s Q4 Results: Is There Scope for Improvement?
JCPenney (JCP) is scheduled to announce its fiscal 2018 fourth-quarter results on February 28.
What’s Expected for Macy’s Fourth-Quarter Results
Department store chain Macy’s (M) is set to announce its fiscal 2018 fourth-quarter results on February 26.
Why JCPenney Is Pulling Appliances from Its Stores
JCPenney (JCP) will stop selling major appliances at its stores starting at the end of February.
Macy’s and Nordstrom: Do Analysts Expect Improvement in 2019?
The stocks of major department stores are in the red after reporting weak holiday sales numbers earlier this month.
Sears Has a Shot at Survival Only if Lampert’s Bid Gets Approval
Sears Holdings (SHLDQ) has been in the limelight for all the wrong reasons.
Why Wall Street Retains a ‘Hold’ Rating for Kohl’s
Most Wall Street analysts have retained their “hold” ratings for Kohl’s (KSS). Analysts are also on the sidelines for many other department store retailers because the retail sector is transforming.
How Kohl’s PE Multiple Compares with Peers’
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’s Holiday Sales: Another Department Store Disappoints
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 Hopes Key Executive Appointments Will Lead to Turnaround
JCPenney (JCP) stock rose 1.5% on January 15 in reaction to the mid-tier department store chain’s announcement of key executive appointments.
Sears Might Survive, Eddie Lampert’s Bid Is Successful
Edward Lampert’s $5.2 billion bid for the Sears Holdings (SHLDQ) takeover was successful at the bankruptcy auction.
Why Lululemon Stock Is Rising Today
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.
Analysts Downgrade Macy’s Stock on Weak Outlook
Bank of America Merill Lynch downgraded Macy’s stock to an “underperform” after the department store reported weak holiday sales.
Sears Staves Off Liquidation for Now as Lampert Makes a New Bid
Edward Lampert of ESL Investments has made a fresh $5 billion bid on the Sears Holdings (SHLDQ) takeover.
Kohl’s Stock Fell 4.8% in the Last Trading Session
Kohl’s (KSS) stock fell 4.8% on January 10. Investors were disappointed with the sales growth deceleration during the holiday season.
Why Macy’s Stock Has Fallen ~18% Today
Macy’s now expects fiscal 2018 same-store sales growth of 2.0% compared to the previous guidance range of 2.3% to 2.5%.
Why JCPenney Stock Is Up 10.7% Today
JCPenney (JCP) stock is up ~10.7% as of 12:18 PM EST today despite reporting a fall in its holiday same-store sales.
Is It All Over for Sears Now?
ESL Investments’ $4.4 billion bid for Sears Holdings (SHLDQ) reportedly didn’t work out, as it didn’t meet bankers’ requirements.
Is Sears on the Verge of Liquidation?
According to a CNBC report, Sears Holdings (SHLDQ) might have one day to save itself from being liquidated.
Department Stores and Other Retail Stocks Surged Yesterday
Holiday sales grew 5.1% to over $850 billion in 2018, marking the highest growth in the last six years.
Do Analysts See Any Upside in JCPenney Stock?
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.
What Wall Street Expects for JCPenney’s Profitability
JCPenney’s (JCP) bottom line has deteriorated on a year-over-year basis in each of the first three quarters of fiscal 2018.
Will JCPenney’s Strategies Revive Its Top-Line Growth?
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.
Are JCPenney Investors Hopeful of a Recovery?
JCPenney’s (JCP) disappointing performance in recent quarters has dragged its stock down 62.3% since the start of this year.
How Analysts Rate Kohl’s as We Near End of 2018
The majority of analysts have maintained a “hold” rating for Kohl’s (KSS).
Kohl’s Stock Has Gained 12.9% So Far in 2018
Kohl’s (KSS) stock has gained about 12.9% as of December 14 on a year-to-date basis.
A Closer Look at Kohl’s Q3 Bottom-line Performance
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.
What Drove Kohl’s Q3 Top-Line Growth?
Kohl’s (KSS) third-quarter-of-fiscal-2018 net sales of $4.37 billion rose 1.3% on a year-over-year basis. Sales beat the analyst estimate marginally.
Kohl’s Tanks 9.2%—Even with Strong Third-Quarter Results
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.
What to Expect from Consumer Sector Earnings This Week
Foot Locker (FL) is scheduled to announce its third-quarter earnings results after the market closes on November 20.
Why Nordstrom Stock Fell More than 13% on November 16
Nordstrom stock fell 13.7% on November 16 in reaction to the company’s earnings results for the period that ended on November 3.
How JCPenney Stock Looks after Q3 Results
JCPenney (JCP) stock declined significantly in the initial trading hours on November 15, the day the company announced its third-quarter results.
JCPenney Disappoints with Continued Weakness in Margins
JCPenney’s (JCP) gross margin declined 210 basis points on a year-over-year basis in the third quarter of fiscal 2018 to 31.9%.
Why JCPenney’s Losses Widened in the Third Quarter
JCPenney’s adjusted EPS was $0.22 in fiscal 2017.
Why JCPenney’s Q3 Revenue Missed Analysts’ Expectations
JCPenney (JCP) continued to disappoint investors with a steep decline in its revenue in the third quarter of 2018.
Nordstrom Stock Fell, Revenue Outlook Shadowed Strong Q3 Results
Nordstrom (JWN) stock fell 9% in after-hours trading on November 16 following the announcement of its third-quarter results.
Macy’s Stock Fell 7% despite Strong Third-Quarter Results
Macy’s (M) stock declined 7.2% on November 14, the day the company announced its results for the third quarter.
JCPenney’s Q3 Top Line Numbers Disappointed Investors
JCPenney (JCP) disappointed investors yet again when it reported its fiscal 2018 third-quarter results on November 15.
How Has Kohl’s Stock Performed in 2018?
As of November 13, Kohl’s (KSS) stock price has risen 47.8% on a YTD (year-to-date) basis to $80.15.
Kohl’s: Analysts’ Recommendations before Its Q3 2018 Results
Analysts remain on the sidelines about Kohl’s (KSS) ahead of its upcoming third-quarter results on November 20.
Kohl’s Q3 Earnings Are Expected to See Double-Digit Growth
Kohl’s (KSS) is scheduled to announce its third-quarter results on November 20. Analysts expect adjusted EPS growth of 37.1% to $0.96.
Kohl’s: Analysts’ Third-Quarter Top-Line Projections
Kohl’s (KSS) is scheduled to announce its third-quarter results on November 20. Analysts expect Kohl’s to report net sales growth of 0.8%.
Why JCPenney’s Losses Might Widen in Q3 2018
Analysts expect JCPenney’s adjusted EPS to be -$0.57 in the third quarter of fiscal 2018, which ended on November 3.
What Analysts Expect from JCPenney’s Q3 Revenue
JCPenney’s (JCP) revenues fell 4.1% and 7.8%, respectively, in the first and second quarters of fiscal 2018.
Will JCPenney’s Q3 Results Bring Investors Some Hope?
JCPenney is scheduled to announce its earnings results for the third quarter of fiscal 2018 on November 15.
What Analysts Expect from Nordstrom’s Third-Quarter Revenue
Nordstrom (JWN) generated revenue growth of 6.2% and 7.2% in the first quarter and second quarter of fiscal 2018, respectively.
Will Nordstrom Continue Its Growth Streak in the Third Quarter?
In this series on Nordstrom’s upcoming third-quarter results, we’ll discuss the expectations for the company’s top line, margins, and earnings.
Will Macy’s Strategic Initiatives Drive Its Q3 Results?
Macy’s is scheduled to announce its third-quarter results on November 14. Macy’s has a consensus “hold” rating from 12 out of 19 analysts.