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...But it is department stores, rather than lenders, that may have most to lose as the credit cycle sours. The biggest of these — Macy’s, Nordstrom and Kohl’s — do not own their credit card portfolios....
...Monday’s stock-market price action seemed hopeful about that idea, with department stores Kohl’s and Nordstrom posting gains of more than 7 per cent in the absence of other news....
...Department store Kohl's, with no growth, high debt, falling margins, little free cash flow and a stock down 60 per cent in 12 months, is clearly in desperate need of a turnround....
...The firm has taken on companies such as health insurance group Humana and department store operator Kohl’s....
...Its market share is rising in all categories, particularly beauty where it has been helped by the demise of hundreds of department stores....
...Walgreens once again said that Boots had taken market share from other retailers such as supermarkets, department stores and discounters, which compete vigorously with Boots in areas such as personal goods...
...take on department stores....
...This included its cut from App Store purchases, which came under fire again on Thursday....
...Pressure on retailers hit by the pandemic was highlighted by earnings on Tuesday from department store chain Kohl’s, where net sales dropped 13 per cent year on year to $3.8bn....
...All three are angry with Apple over its restrictions on them in the App Store....
...The department store group Macy’s also said it was furloughing most of its 125,000-strong workforce....
...Department store chain Kohl’s on Tuesday reported a 23 per cent slide in comparable sales....
...The three joined from the S&P 400 benchmark of midsized companies and will switch places with tax software group H&R Block, Coty, a beauty company, and Kohls, a department store, which are dropping to the...
...Especially vulnerable are department stores and mall-based clothing chains that have long struggled to stay relevant in the age of Amazon....
...Department store operator Kohl’s issued a profits warning after reporting a 24 per cent slide in third-quarter earnings. Both companies said investments weighed on results. But what kind?...
...Kohl’s closed its department stores after the outbreak and lost $540m in the three months to the start of May, yet the company said internet sales had accelerated in recent weeks and Michelle Gass, chief...
...Department store chain Kohl’s meanwhile reported a 44 per cent decline in first-quarter net sales....
...in Kohl’s stores....
...The latest figures show how many mall-based clothing outlets and department stores are struggling even though overall consumer spending remains robust....
...US department store Kohl’s has a plan to counter competition from Amazon, which has stolen a march on the retail chain and its rivals....
...Japanese stocks perform poorly, even in global stock rallies because Japan Inc. has failed to promote corporate renewal....
...But the results from department stores and other mall-based companies have shown how they are struggling to adapt to the age of ecommerce....
...drew $1bn as they closed stores....
...Singapore, with a smaller population, has about 4,000 start-ups employing close to 22,000 people, according to the city’s Department of Statistics....
...The department store results were the latest in a batch of mixed earnings reports from consumer-facing companies....
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