Retail Roundup: Shares of Target, Kohl’s, TJX, Ross Stores and L Brands dip post-earnings
Target plans to offer free two-day shipping on select items through December 22 with no minimum order or membership required as it gears up to take on Amazon
Company
NYSE:KSS
Kohl’s Corporation operates family-oriented department stores that sell apparel, footwear and accessories for women, men and children, soft home products, such as sheets and pillows, and housewares. The Company’s stores feature private and exclusive brands, which are found only at Kohl’s, as well as national brands.
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Target plans to offer free two-day shipping on select items through December 22 with no minimum order or membership required as it gears up to take on Amazon
A look at some of the stocks trending in the pre-market. Today, there was a deluge of retail earns
Also in focus before the New York bell are Kohl's Corp and JM Smucker Co
FTSE 100 closed ahead as the new trading week began, but off the 7,600 level, adding over 32 points to 7,591
The retailer is reaping the benefits of last year's partnership with Amazon.com
Analyst Brian Nowak says the ecommerce giant will be the king of the US apparel industry in 2018
On its outlook, the retailer is guiding EPS for 2018 to come in between US$4.95 and US$5.45, well-ahead of market expectations for US$4.72
What's moving the needle ahead of the bell in New York? Proactive finds out
Hardware & electrical equipment
Proactive takes a look at the pre-market deals in New York on Monday to see what's attracting interest
"All lines of business and all regions reported positive comp sales. As expected, growth in digital demand accelerated significantly in the Holiday period from the year-to-date trend," Kevin Mansell said
Wall Street shares started 2018 on the front foot..will it continue?
At the close, the Dow Jones Industrial Average was 7.85 points lower at 24,746.21, while the broader S&P 500 lost 2.84 points at 2,680.50, and the tech-laden Nasdaq Composite Index shed 23.71 points at 6,936.25
Same-store sales rose 0.1% during the quarter, which was above market consensus of a 0.7% decline
If you can’t beat ’em, join ’em seems to be the adage for Kohl’s Corp
The Wisconsin-based retailer has unveiled plans to roll out a “smart home experience” in ten of its stores next month, just before the start of the busy holiday season
Wall Street benchmarks closed higher on Wednesday in New York
Also featured: Toll Brothers, JC Penney and Kohl's Corporation
Canada Goose is cooking on the sales front, though still losing money. Kohl's woes continue while 21st Century Fox served up a mixed bag in its earnings statement
Retailers were a drag on the market, though Whole Foods Market defied the trend after it announced plans to buy back shares
US stocks enjoyed a last-minute rally after President Donald Trump began the process of deregulation but it was not enough to keep record high tickers for an eleventh session