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JCPenney Has Potential $800 Million Rescue Deal to Avoid Bankruptcy
Kohl’s Q1 Results: Doom for Retailers amid COVID-19
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.
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.
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
In today’s Get Real, we saw updates on Disney+, another round of trouble for Facebook, a potential threat to Tesla, and much more.
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?
Target has just announced a partnership with Toys R Us parent company Tru Kids Brands to manage online sales and order fulfillment.
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.
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 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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
Why JCPenney’s Losses Widened in the Third Quarter
JCPenney’s adjusted EPS was $0.22 in fiscal 2017.
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.
Why JCPenney’s Margins Might Continue to Be under Pressure
A challenging retail environment forced JCPenney (JCP) to book markdowns in the second quarter.
JCPenney Appoints New CEO, Stock Up 9.6% in After-Market Hours
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.
A Look at Kohl’s Capital Allocation Plans
On September 17, Kohl’s was trading at a 12-month forward PE multiple of ~14.0x.
Comparing Nordstrom’s Top-Line Growth with Peers’
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.
How Analysts Reacted to Macy’s Fiscal Q2 2018 Results
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.
Kohl’s Is Up ~41% in 2018: Can Stock Sustain Momentum?
As of August 13, Kohl’s stock price is up 40.9% on a YTD (year-to-date) basis.
Are Analysts Optimistic about JCPenney’s Turnaround Efforts?
As of August 10, 13 of the 16 analysts (81%) covering JCPenney (JCP) stock had a “hold” recommendation.
Why Nordstrom Stock Fell on July 10
Nordstrom (JWN) stock fell 2.7% on July 10 following a rating downgrade by KeyBanc Capital Markets to “sector weight” from “overweight.”
Can JCPenney’s Sales Get Back on Track?
JCPenney’s (JCP) net sales declined 4.3% to $2.6 billion in fiscal Q1 2018, which ended on May 5.
Can Investors Expect JCPenney Stock to Recover?
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.
Analysts Recommend ‘Hold’ for Kohl’s
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.”
JCPenney Gets Sporty, Partners with Fanatics
On June 7, JCPenney (JCP) announced its partnership with Fanatics—a leading licensed sports merchandise retailer.
Lowe’s Makes a Good CEO Hire, Ignore the JC Penney Years
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.
Nordstrom Stock Fell in After-Hours Trading
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 Dresses to Impress with Q1 2018 Results, Upgraded Guidance
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.
Where Is Sears Stock Heading in 2018?
As of May 15, Sears Holdings’ (SHLD) stock is down 2.2% to $3.50 on a YTD (year-to-date) basis.
What Analysts Project for Sears’s First-Quarter Earnings
Sears Holdings (SHLD) is expected to announce first-quarter results on May 23.
Sears Could See Double-Digit Revenue Fall in First Quarter
Sears Holdings (SHLD) is expected to report a revenue decline of 33.6% to $2.9 billion in the first quarter.
How Does Kohl’s Price-to-Earnings Multiple Stack Up with Peers?
On May 14, Kohl’s (KSS) was trading at a 12-month forward PE (price-to-earnings) multiple of 11.4x.
Why Macy’s and Other Department Store Stocks Fell Yesterday
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.
Behind Five Below’s Rapid Store Expansion Strategy
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.
How Do Kohl’s Margin Numbers Stack Up?
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.
A Detailed Discussion of Kohl’s 2017 Sales Numbers
Kohl’s (KSS) reported better sales numbers than analysts’ projections for three of its reported quarters in 2017, but it missed expectations in one quarter.
Why Has Kohl’s Stock Price Surged 23% in 2018?
Department store retailer Kohl’s (KSS) has surged 23.4% on a YTD (year-to-date) basis as of April 5, 2018.
Walmart Is a Tough Contender for Amazon in Grocery War
To further strengthen its position against Amazon and give shoppers more convenience, Walmart recently announced that it is rolling out 500 additional pickup towers.
Insight into Ulta Beauty’s Sales Growth in Fiscal 4Q17
Ulta Beauty’s (ULTA) sales of ~$1.9 billion in fiscal 4Q17 were almost in line with the analysts’ consensus sales estimate.
How CEO Edward Lampert Is Trying to Save Sears
Sears Holdings (SHLD) has been in murky waters for quite some time now.
Sears Stock Falls on Mixed Fiscal 4Q17 Results
Sears Holdings’ stock price fell 6.6% on March 15, 2018, following the announcement of its fiscal 4Q17 results on March 14.
How JCPenney Looks on the Margin Front
JCPenney’s (JCP) gross margin expanded 50 basis points to 33.6% in fiscal 4Q17.
What Are Target’s Key Growth Drivers?
Besides the booming digital business, Target’s (TGT) focus on exclusivity through “only-at-target” brands has been a key sales-driving factor.
Walmart Is behind Target and Amazon on Exclusivity
In a bid to refresh its apparel category, Walmart (WMT) recently unveiled four new exclusive clothing brands catering to men, women, and children.
Macy’s Stock on the Rise after Strong Fiscal 4Q17 Earnings
Macy’s (M) impressed investors with its sales and earnings growth for fiscal 4Q17.
Sears Stock Jumps over 14% after Its Fiscal 4Q17 Update
On February 15, 2018, Sears Holdings (SHLD) announced a financial update for its fiscal 4Q17.
Why Sears Stock Is Crashing
In this series, we’ll study Sears’s meteoric rise and its equally dramatic fall. We’ll also look at the efforts the beleaguered retailer has made to stay afloat and the impact of these efforts on its financial performance.
Target’s Holiday Sales Exceeded Expectations
Target’s (TGT) sales for the key holiday season exceeded expectations.
Are Macy’s Sales Expected to Fall or Improve in Fiscal 4Q17?
For Macy’s (M), fiscal 3Q17 (which ended on October 28, 2017) was the 11th consecutive quarter in which its sales fell. Macy’s sales fell 6.1% in fiscal the quarter.
Can Macy’s Stock Recover in 2018?
On December 29, 2017, Macy’s (M) stock had risen 29.2% since its fiscal 3Q17 results were announced in November 2017.
JCPenney’s Sales Growth Strategy
JCPenney (JCP) has been undertaking several strategic actions to improve its sales amid a challenging retail environment.