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LexUS retail
Why US department stores have most to fear as credit card debt sours Premium content
...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....
April 5, 2024
Macy's Inc
Miracle on 34th St?
...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....
December 12, 2023
FT Live
Future of Retail
Securing long-term business growth with technology innovation
Tuesday, 17 SeptemberLondon, UK
UnhedgedRobert Armstrong
Beyond Bed and Bath Premium content
...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....
April 24, 2023
Salesforce.com Inc
Activist Starboard urges Salesforce to lift margins after taking stake
...The firm has taken on companies such as health insurance group Humana and department store operator Kohl’s....
October 18, 2022
#techFT
Apple soars above supply problems
...This included its cut from App Store purchases, which came under fire again on Thursday....
January 28, 2022
US retail
Walmart and Home Depot extend pandemic winning streaks
...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....
November 17, 2020
FT Live
Business of Luxury Summit
Gathering leaders in luxury for the 20th year
Sunday, 19 MayVenice, Italy
#techFT
Facebook’s game of clouds
...All three are angry with Apple over its restrictions on them in the App Store....
October 26, 2020
US retail
Macy’s, Gap and Kohl’s put thousands on leave
...The department store group Macy’s also said it was furloughing most of its 125,000-strong workforce....
March 30, 2020
Walmart Inc
Walmart pushes ahead as a pandemic winner
...Department store chain Kohl’s on Tuesday reported a 23 per cent slide in comparable sales....
August 18, 2020
Tesla Inc
Tesla spurned in S&P 500 reshuffle
...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...
September 4, 2020
News in-depthUS retail
US retailers teeter on the brink as 630,000 outlets close
...Especially vulnerable are department stores and mall-based clothing chains that have long struggled to stay relevant in the age of Amazon....
March 30, 2020
Home Depot Inc
Home Depot/Kohl’s: the sharper tool Premium content
...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?...
November 19, 2019
News in-depthPersonal & Household Goods
Americans splash out on bikes and televisions
...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...
May 20, 2020
Walmart Inc
Walmart sales surge as stockpiling brings ‘unprecedented’ demand
...Department store chain Kohl’s meanwhile reported a 44 per cent decline in first-quarter net sales....
May 19, 2020
US retail
US retail stocks hit as Kohl’s, Home Depot and Urban Outfitters fall short
...in Kohl’s stores....
November 19, 2019
FT Live
FTWeekend Festival: U.S. edition
Where the Financial Times weekend paper comes to life
Saturday, 4 MayThe REACH, at the Kennedy Center for the Performing Arts, F Street Northwest, Washington, DC, USA
Retail sector
US mall retailers hit by declining holiday sales
...The latest figures show how many mall-based clothing outlets and department stores are struggling even though overall consumer spending remains robust....
January 9, 2020
News in-depthRetail sector
Department stores fight for relevance ahead of Black Friday
...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....
November 26, 2019
US retail
Macy’s issues third profit warning this year
...But the results from department stores and other mall-based companies have shown how they are struggling to adapt to the age of ecommerce....
November 21, 2019
US retail
Falling sales at big US department stores spark sell-off
...The department store results were the latest in a batch of mixed earnings reports from consumer-facing companies....
May 21, 2019
Macy's Inc
Heavy discounts weigh on Macy’s results
...Macy’s has issued another profit warning after it was forced to offer hefty discounts to shed merchandise, intensifying concerns on Wall Street over how department stores are coping in the age of ecommerce...
August 14, 2019
US retail
US retail stocks slump as Trump widens tariff net
...Shares in several of the sector’s biggest names, including electronics chain Best Buy, clothing retailer Gap and department store Kohl’s, closed down more than 7 per cent after the president tweeted that...
August 1, 2019
Lowe's Cos Inc
DIY retailer Lowe’s issues profit warning on rising costs
...They came a day after three of the largest department store chains, Nordstrom, Kohl’s and JC Penney, reported sliding sales that sent their share prices tumbling. Other results have been stronger....
May 22, 2019
Target Corp.
Target bests rivals with upbeat holiday sales
...While sales improved slightly, the department store operator said it faced a tough comparison with strong numbers during the 2017 holiday season....
January 10, 2019
Nordstrom Inc
Nordstrom shares drop after slow holiday sales
...Nordstrom said slower traffic in its department stores hurt sales during the critical holiday shopping season and warned that full-year earnings will come in around the low end of its guidance....
January 16, 2019
LexUS retail
Macy’s: dry January Premium content
...Macy’s has enjoyed a largely successful turnround in recent years as the department store sector has had to reinvent itself....
January 10, 2019

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