Department store chains saw key sales figures fall again in the latest quarter as customers increasingly move online, though at Macy's the decrease wasn't as bad as Wall Street expected and Kohl's managed to keep the decline to just 0.4 percent. Shares in the stores fell, with Macy's (M) down 4 percent and Kohl Corp.'s (KSS) off nearly 9 percent. Dillard's Inc. dropped 15 percent after reporting a loss of $17.1 million. Macy's has cut jobs and closed some stores to try to reverse falling sales. It has also started an off-price brand, and it plans to launch a loyalty program in the fall that it hopes will bring more shoppers through its doors. CEO Jeff Gennette cited "a notable contribution" from changes in the women's shoes and jewelry departments. And Kohl's is trying to attract more shoppers by offering more outside brands and cutting some of its in-house clothing lines. Macy's, the nation's largest department store chain, said sales fell 2.8 percent at established stores during the … [Read more...] about Macy’s, Kohl’s stock down on news of latest sales drops
On Thursday morning, Kohl's (NYSE: KSS) reported stellar sales and earnings results for the final quarter of fiscal 2017. Investors already knew to expect great things, after Kohl's increased its guidance significantly in early January. However, the company managed to beat even its upgraded forecast.Nevertheless, investors weren't impressed -- or at least they weren't impressed enough. Kohl's stock rallied more than 25% in the first few weeks of 2018, reaching a new multiyear high of nearly $70. Yet the stock fell 5% on Thursday following Kohl's earnings report, leaving it about 10% below its 52-week high. This looks like an attractive buying opportunity for long-term investors.Kohl's Stock Performance. Data by YCharts.Kohl's knocks it out of the parkDuring the November-December holiday period, Kohl's achieved a stellar 6.9% increase in comparable-store sales. This gave management the confidence to raise its full-year earnings per share guidance to $4.10-$4.20, up from $3.72-$3.92 … [Read more...] about Kohl’s Stock Looks Like a Buy on the Dip
Kohl's put in one of the strongest performances of any department store chain over the holidays, posting some of the best comparable-store sales numbers around. That's an encouraging development for a chain that looked like it might follow Macy's and J.C. Penney toward the abyss. Although those retailers are still struggling to keep their heads above water, Kohl's established a healthy trajectory before Christmas came along and is now reaping the benefits of the action plan it put in place. While it's made some smart decisions so far, its latest plans may derail the progress it's made. Retailer Holiday Comparable- Sales Growth Kohl's (NYSE: KSS) 6.9% J.C. Penney (NYSE: JCP) 3.4% Macy's (NYSE: M) 1% Bon-Ton (2.9%) Sears (NASDAQ: SHLD) (15%) Target (NYSE: TGT) 3.4% Nordstrom 1.2% Data source: Company press releases. Holiday time span includes November and December. Bringing the customers in What makes Kohl's … [Read more...] about Is Kohl’s at Risk of Derailing Its Recovery?
Comparable sales trends were sluggish for most of fiscal 2017 at department stores like Kohl's (NYSE: KSS), Macy's (NYSE: M), J.C. Penney (NYSE: JCP), and Nordstrom (NYSE: JWN). Even Target (NYSE: TGT) suffered, with flat comps for the first nine months of the fiscal year. However, that was until November and December came to the rescue for the sector. In this episode of Industry Focus: Consumer Goods, the cast talks about how off-mall retailers and their mall-based peers fared over the holidays. Even Macy's is poised to snap its 11-quarter streak of comparable sales declines in the fourth quarter -- but its 1.1% comp sales growth during the holiday season paled in comparison to the stellar gain of 6.9% at Kohl's. A full transcript follows the video. 10 stocks we like better than J.C. Penney When investing geniuses David and Tom Gardner have a stock tip, it can pay to listen. After all, the newsletter they have run for over a decade, Motley Fool Stock Advisor, has tripled the … [Read more...] about Kohl’s Takes the Retail Crown After a Busy Holiday Season
What do investors suddenly see in Kohl's Corporation (NYSE: KSS)? Since November, the retailer's shares have soared more than 53%. Personally, I've never been great at discerning the sudden short-term sentiment shifts that can send a favored stock zipping up a weekly price chart. But it's clear that recent operational changes partially explain why investors are giving Kohl's a second look, after roughly three years of hand-wringing over its prospects in the retail sector. Managing the hard things Kohl's has insulated itself from the online reach of both Amazon.com and Wal-Mart Stores (NYSE: WMT) by embracing e-commerce. In an Jan. 8 update on the holiday season, Kohl's management cited growing digital sales as one of the factors behind a better-than-anticipated holiday season, which allowed the organization to boost full-year fiscal 2017 guidance. But over the space of several quarters, Kohl's has also combined two separate initiatives into a powerful tool to improve margins: … [Read more...] about How Kohl’s Corporation Sharpened Its Retail Edge