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.

FILE -This May 11, 2017 file photo shows a Kohl’s department store, in Doral, Fla. Kohl’s Corp. (KSS) on Tuesday, May 21, 2019, reported fiscal first-quarter net income of $62 million.

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. Penney, which has been trying to turn around its business for several years after a disastrous reinvention

Penney reported a wider than expected loss and sales declines during the first quarter while Kohl’s cut its fiscal 2020 profit outlook as it struggled with slumping sales in the quarter.

J.C. Penney and Kohl’s struggle in fiscal 1st quarter By: The Associated Press May 21, 2019 0 J.C. Penney and Kohl’s struggled during the start of the year, raising concern about the challenges for the department store industry ahead.

(Reuters) – Same-store sales fell more than expected at J.C. Penney Co Inc in the first quarter and its net loss nearly doubled. Penney, which reiterated its previously issued financial forecast.

Penney reported a wider than expected loss and sales declines during the first quarter while Kohl’s cut its fiscal 2020 profit outlook as it struggled with slumping sales in the quarter.

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.

Meanwhile, the discount department store is instituting upgrades to its loyalty program, according to the dallas morning news, which compared the changes to the popular points system of rival Kohl’s..

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Kohls vs JCP Compounding these worries, Macy’s and Kohl’s both projected in November that sales growth would slow somewhat this quarter, compared to the first three quarters of fiscal 2018. And J.C. Penney’s new.

J.C. Penney and Kohl’s struggled during the start of the year, raising concern about the challenges for the department store industry ahead. Penney reported a wider than expected loss and sales declines during the first quarter while Kohl’s cut its fiscal 2020 profit outlook as it struggled with.