US retailers shares at multi-year lows on tough 2016 conditions
US retailers' shares suffered the fallout from investors after Ralph Lauren and Kohl warned of a tough 2016 when delivering their downbeat holiday-quarter results on Thursday
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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US retailers' shares suffered the fallout from investors after Ralph Lauren and Kohl warned of a tough 2016 when delivering their downbeat holiday-quarter results on Thursday
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US equities sank on Wednesday as traders digested jobs data and got spooked by the prospect of a rate rise next month.
US equities kicked off lower as traders digested jobs data and got spooked by the prospect of a rate rise next month.
Below are the main news driven share price changes at 10:50 a.m. in New York on Thursday:
Holiday workers to rise 25% as rivals’ hiring left unchanged
Us benchmarks are now in positive territory after being thrown a curve ball by solid US retail sales figures
US retail sales picked up in July after a weak second quarter. Jefferies reckons dollar stores and home improvement retailers are the stocks to back in the sector.
Hardware & electrical equipment
The People's Bank of China seems happy - for now- with the value of its currency, leaving US investors to focus on retail sales data and earnings reports.
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Expectations of a firm start got the kibosh as better than expected retail sales or July raised the prospect of an early interest rate rise.
U.S. stocks advanced sharply today as a weaker dollar offered the possibility of stronger sales for U.S. multinationals. The S&P 500 (INDEXSP:.INX) gained 1 percent to 2,119 at 3:41 p.m. in New York. The 30-company Dow Jones Industrial
U.S. stock-index futures maintained gains as data indicated the jobs market was on solid footing even as the economy struggles to regain momentum after abruptly slowing in the first quarter. Futures for the Dow Jones Industrial Average clim