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...As of this month companies incorporated in the EU are required to report this indirect footprint. The US is also working on similar disclosure rules....
...Today, investors will look to department stores Macy’s and Kohl’s, as well as upmarket furniture and homewares retailer Williams-Sonoma, to see how they fared and for their outlook on the crucial holiday...
...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...
...The data follow indications from department store chains Macy’s, Kohl’s and Nordstrom last week that sales at reopened stores were improving from their depths, while monthly auto sales also climbed in May...
...Macy’s balance sheet has long been in better shape than more distressed rivals, although the department store chain lost its investment grade rating from S&P Global last month and was cut further into junk...
...Department store chain Kohl’s meanwhile reported a 44 per cent decline in first-quarter net sales....
...The latest figures show how many mall-based clothing outlets and department stores are struggling even though overall consumer spending remains robust....
...Also in the US, department store chain Kohl’s and Home Depot report on Tuesday, Target is up on Wednesday and Best Buy on Thursday....
...An index of large-cap US department stores has lost 35 per cent of its value this year, making it the worst-performing subsector in the S&P 500 index....
...Sharp declines in the department store chains Macy’s and Kohl’s contributed significantly to the total....
...Credit Suisse also lowered estimates for Nordstrom, Kohl’s and JCPenney. Shares in Ralph Lauren, Hanesbrands and Tommy Hilfiger owner PVH fell, as the bank noted their exposure to department stores....
...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...
...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...
...(FT) Retailers report Department store chain Kohl sent a shiver through the retail sector on Tuesday when it reported its recovery was weaker than hoped....
...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....
...Macy’s stock lost nearly 18 of its value after the department store chain slashed its earnings and comparable sales guidance, noting a slowdown in the middle of December....
...Sears, the once dominant department store chain, narrowly avoided outright liquidation....
...Investors stocked up on retail shares on Monday, with the S&P 500 department store sector advancing for a third consecutive day....
...The department store company Kohl’s also disappointed, even though strength in its clothing business helped same-store sales rise for a fifth consecutive quarter, and its gross margin increased 25bp to 37...
...Shares in Macy’s dropped 17.7 per cent, their biggest one-day sell-off on record, after the department store group cut its sales and earnings guidance less than two months after upgrading it....
...Comparable sales growth at department store chain Kohl’s slowed from 6.9 per cent a year ago to just 1.2 per cent....
...And John Lewis, an unlisted subscale mostly south-east English local department store chain operator, gets the usual mountain of press coverage. What are we missing, reader? Tell us below....
...In the equity market, the S&P 500 department stores sector has risen more than 40 per cent in 2018, and the large chains Macy’s and Kohl’s are both up over 45 per cent....
...That in turn helped nudge up shares of other department store chains, with Kohl’s shares up 1.8 per cent, Nordstrom shares up 1.7 per cent, JC Penney shares climbed 2.4 per cent, while Sears shares rose...
...While the top performers in the retailing index are Netflix, TripAdvisor and Amazon, a number of department stores have also crept into the top 10, like Macy’s with gains of 18 per cent, Kohl’s with 13 per...
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