Department stores troubles rise on Penney’s, Kohl’s results

NEW YORK (AP) – The outlook for department stores got murkier Tuesday after J.C. Penney and Kohl’s reported fiscal first quarter results that showed they struggled at the start of the year. Penney, which has been trying to turn around its business for several years after a disastrous reinvention.

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Shares of department. The results highlight the troubles retailers are experiencing. Retailers have been shutting down stores and filing for bankruptcy at rates not seen since the financial crisis..

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Johnson’s idea was to build a new department store for middle-income America, but the results of these. the company’s forecast for a rise in third-quarter same-store sales. That news sent shares up.

NEW YORK – The outlook for department stores got murkier Tuesday after J.C. Penney and Kohl’s reported fiscal first quarter results that showed they struggled at the start of the year. Penney, which has been trying to turn around its business for several years after a disastrous reinvention plan, reported a wider than expected loss and.

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Kohl’s rolled out its Amazon Returns program in all of its remaining stores this week. image source: kohl’s. One of the biggest problems facing department stores today is falling store traffic. The.

The outlook for department stores grew murkier Tuesday after J.C. Penney, Kohl’s and Nordstrom reported fiscal first quarter results that reflected their struggles at the start of the year.

Department stores troubles rise on Penney’s, Kohl’s results Department stores troubles rise on Penney’s, Kohl’s results. By admin | May 21, 2019 . Department store troubles weigh on J.C. Penney and Kohl’s 1st-quarter results. Comments are closed.

NEW YORK (AP) – The outlook for department stores got murkier Tuesday after J.C. Penney and Kohl’s reported fiscal first quarter results that showed they.. Department stores troubles rise on Penney’s, Kohl’s results AP 21 May 2019.

Deutsche Bank analyst Paul Trussell summed up J.C. Penney’s quarter as "good results, but bad timing." Penney’s results capped a volatile week for U.S. department stores ahead of the. However, Kohl.

The firm is expected to post earnings on the 11th of November, exactly a month from now, and it’s worth having a look at its current share price performance and anticipated results. J.C. Penney and.

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