Retailers Results Point to Cloudy Holiday Retail Picture
Results from Macy's, Kohl's and Gap on Thursday further underscored the cloudy picture for U.S. retailers heading into the start of the holiday season.
Source: arkansasbusiness.com
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Kohl's Corp. reports bad quarter, withdraws its projections for year
Any thoughts on how Kohl’s Corp. would perform in 2022 have been scrapped.
Source: jsonline.com
Macy's boosts 2022 guidance while Kohl's outlook withdrawn
NEW YORK (AP) — Macy's profit and sales slid in the third quarter as the department store had to step up discounts amid a pullback from shoppers stung by inflation. Yet, the New York company topped Wall Street expectations and raised its earnings outlook, in part due to better credit card revenue.
Source: apnews.com
Kohl's third quartering earnings reveal revenue decline amid CEO's departure
Kohl's withdrew its sales and profit forecasts following a third-quarter earnings report that revealed revenue decline amid record-high inflation.
Source: foxbusiness.com
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Macy's boosts 2022 guidance while Kohl's outlook withdrawn – Chicago Tribune
Major retailers have reported mixed performances for the third quarter this week, illustrating how volatile the exit from a global pandemic has been.
Source: chicagotribune.com