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· Here’s the good news for department stores: business isn’t getting worse. Macy’s Inc. and Kohl’s Corp. reported second-quarter financial results Thursday that showed a slower decline in same-store.
· 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.
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.
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Department Stores’ Woes Reflected in Latest Batch of Results The downbeat reports from the department store chains were in contrast to Macy’s performance. Macy’s reported a first-quarter profit.
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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.