Tag Archives: Kohl's Corp

Nordstrom shares fall as earnings and 2021 outlook disappoint

Nordstrom reported Tuesday better-than-expected fiscal first-quarter sales, as shoppers showed up to its stores again to buy new shoes, sunglasses and swimwear for social outings. But its stock tumbled around 7% in extended trading as the retailer booked a wider-than-expected loss, and maintained its full-year outlook, despite other retail rivals boosting their forecasts in recent […]

Kohl’s shares tumble despite the retailer’s strong sales beat and hiked outlook

Vehicles sit parked in front of a Kohl’s department store in Ashland, Ky. Luke Sharrett | Bloomberg | Getty Images Kohl’s shares tumbled Thursday, despite the company reporting fiscal-first quarter profit and sales that exceeded expectations and hiking its full-year forecast. It hinted at additional costs and supply chain headwinds that it may face in […]

Stocks making the biggest moves midday: Kohl’s, BJ’s, Virgin Galactic and more

Check out the companies making headlines in midday trading. Kohl’s — Kohl’s stock fell more than 10% on Thursday after it said supply chain issues may drag on its profit margins. Like others, Kohl’s experienced supply chain hurdles starting in 2020 when factories in Asia shut down to help slow the spread of Covid-19. Now, […]

Cramer’s week ahead: Retail earnings and consumer spending

Investors will get to learn more about the pandemic’s ongoing impact on the consumer economy as retailers prepare to issue quarterly earnings reports, CNBC’s Jim Cramer said Friday. The industry will have its time in the spotlight on Wall Street after the Commerce Department on Friday said that retail sales were unchanged in the month […]

Retail stocks surge as Florida and New York announce plans to lift Covid restrictions

A Gap store in New York, August 2, 2020. Scott Mlyn | CNBC A number of retail stocks surged Monday as investors looked for ways to buy into the economy reopening, after several large states further loosened Covid restrictions or suspended the measures entirely. The S&P Retail ETF closed Monday up 2%, as a host […]

Here’s why Amazon is moving its annual Prime Day shopping event earlier in the summer

Amazon confirmed on Thursday that its annual Prime Day deals event will be shifting earlier this year, as the e-commerce giant looks to boost spending in what is normally a slower time in the retail calendar. The company has yet to confirm the specific date. The two-day shopping extravaganza originally has been held in July, […]

From stimulus checks to pandemic busts: How investors will gauge earnings in the quarters ahead

A shopper walks by shelves in the paper products aisle of a store in Burbank, California, November 19, 2020. Robyn Beck | AFP | Getty Images In a typical earnings season, the rules of the game for investors can be relatively simple: Rising profits and strong year-over-year sales growth signal success. That formula won’t work […]

Department stores like Nordstrom and Macy’s are still Americans’ favorite place to buy shoes

The women’s shoe floor in Nordstrom’s flagship department store location in New York City features a cocktail bar in the center. Source: Nordstrom America’s department stores might be losing customers in the apparel aisles and at the beauty counters, but shoppers still love the shoe department. In a new AlixPartners survey, consumers were asked where […]

The post-pandemic spending spree has begun. Here are 6 things Americans are buying

Shoppers wearing protective masks carry bags on Market Street in San Francisco, California, on Wednesday, April 14, 2021. David Paul Morris | Bloomberg | Getty Images Shoppers are emerging from their cocoons and aspiring to switch it up from sweatpants, stubble and streaming. With each day, more Americans are getting Covid-19 vaccines. As spring temperatures […]

Kohl’s says it has reached an agreement with activists, plans to bring new members to board

Customers leave a Kohl’s store on November 12, 2015 in San Rafael, California. Justin Sullivan | Getty Images News | Getty Images Kohl’s said Wednesday it has come to an agreement with the group of activist investors who have been pushing to seize control of the retailer’s board. Two new independent directors that were nominated […]

Macerich’s sale of Phoenix mall offers a hint at what’s to come for dying malls: Rezoning and new uses

Macerich’s Paradise Valley Mall in Phoenix, AZ. Google Earth The future of the suburban shopping mall could look something like a mini community, with far fewer places to shop. The U.S. mall owner Macerich announced Thursday it’s sold a majority stake in Paradise Valley Mall in Phoenix for $100 million to a joint venture with an affiliate […]