Hints and tips:
...The esprit de corps that had distinguished H2O when everyone sat in the same room was lost. Some at H2O wondered if Windhorst had drawn Crastes to Monaco....
...Kohl’s, which analysts had hoped would manage to improve revenues during the festive season, reported a 0.2 per cent decline in like-for-like sales from a year ago, sending shares in the S&P 500 company...
...At the same time, Best Buy, TJX and Kohl’s are among 126 discretionary consumer companies to draw a total $86bn from credit lines, according to Autonomous Research....
...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....
...Analysts at credit rating agency S&P Global have been working nonstop, downgrading 121 companies and warning of the prospects of another 176 groups in part due to the global health pandemic....
...VF Corp, Ross Stores, Burlington and Nike have made Credit Suisse’s nice list, with analysts identifying the stocks as top picks amid volatility in the industry....
...Overall, the S&P 500 retail index was off 1.3 per cent....
...Hundreds of suppliers to the S&P 500 company received the warning in a memo sent last week, shortly before 15 per cent tariffs on $112bn of goods from China went into effect at the weekend....
...The announcement helped push Kohl’s shares up 3.2 per cent to $56.10 in morning trading in New York, outpacing the broader S&P 500 index, which moved 0.1 per cent lower to 2,741, putting it on course for...
...Across all of the S&P 500’s retail constituents, 5.6 per cent of shares outstanding were on loan to short sellers at the end of last week....
...Kohl’s and Macy’s, two big US department store chains, were the best performers on Tuesday, up 6 per cent and 4.6 per cent respectively to extend their December gains to 18.9 per cent and 12.8 per cent....
...The department store sub-index of the S&P 500 has fallen by nearly a third this year, while Credit Suisse estimates more than 140m sq ft of retail will be shut this year....
...Macy’s and Kohl’s were the biggest decliners on the S&P 500 for the day and the results weighed on the broader S&P 500 retailing industry group, sending it 2.4 per cent lower....
...A blended rate of reported and estimated earnings forecasts from FactSet shows earnings for Macy’s, Kohl’s and Nordstrom, the three retailers in that sub-index of the S&P 500, down 11.8 per cent per share...
...Strictly speaking, Amazon is considered a consumer discretionary stock alongside the likes of Kohl’s, Target and Macy’s....
...S&P is forecasting double-digit declines in first-quarter earnings for department store operators and big box retailers....
...Macy’s, Nordstrom and Kohl’s were three of the worst four performers in Markit’s index of credit-default swaps of investment-grade companies this week....
...The gain of the niche S&P department store index — which only includes Macy’s, Kohl’s and Nordstrom — was the biggest one-day jump in eight years, and took the gauge to its highest level since May....
...Meanwhile the S&P 500 and Dow Jones Industrial Average were nearly unchanged at 2,064.11 and 17,720.50, respectively....
...The S&P sub-index, which includes the Seattle company, Macy’s and Kohl’s, gained 16.4 per cent this week, its best weekly performance since November 2008....
...Target’s soft sales figures followed dismal results from Macy’s, Nordstrom and Kohl’s....
...That helped the broader S&P 500 consumer discretionary sector advance 0.3 per cent....
...Last week, Macy’s, Kohl’s and Nordstrom disappointed investors with their earnings reports in what is shaping up as a challenging retail environment....
...Shares in Sears have tumbled more than 39 per cent so far this year — worse than the 18 per cent drop in the S&P 500 department store sector....
...Kohl’s was also under pressure, falling 18.8 per cent to $41.52 after it cut its full-year earnings forecast....
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