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June 12, 2021

Kohl's Corp

Retail conglomerate Authentic Brands Group readies for summer IPO

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CNBC – For more and to sign up click here People enter a Forever 21 store at a shopping mall in Montebello, California on September 30, 2019 a day after the fashion retailer filed for Chapter 11 bankruptcy protection. Frederic J. Brown | AFP | Getty Images The retail conglomerate......

Nordstrom shares fall as earnings and 2021 outlook disappoint

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CNBC – For more and to sign up click here Nordstrom reported Tuesday better-than-expected fiscal first-quarter sales, as shoppers showed up to its stores again to buy new shoes, sunglasses and swimwear for social outings. But its stock tumbled around 7% in extended trading as the retailer booked a wider-than-expected......

Kohl’s sales jump nearly 70%, soaring past estimates, retailer hikes full-year outlook

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CNBC – For more and to sign up click here Vehicles sit parked in front of a Kohl’s department store in Ashland, Ky. Luke Sharrett | Bloomberg | Getty Images Kohl’s on Thursday reported first-quarter earnings and sales that topped analysts’ estimates, and raised its outlook for the full year,......

Stock futures dip following three straight days of losses on Wall Street

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CNBC – For more and to sign up click here Traders work on the floor of the New York Stock Exchange. NYSE Stock futures fell slightly in overnight trading on Wednesday after major averages registered a third straight day of losses amid a drop in cryptocurrency prices. Futures on the......

Cramer’s week ahead: Retail earnings and consumer spending

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CNBC – For more and to sign up click here Investors will get to learn more about the pandemic’s ongoing impact on the consumer economy as retailers prepare to issue quarterly earnings reports, CNBC’s Jim Cramer said Friday. The industry will have its time in the spotlight on Wall Street......

Earnings reports and the Fed will test the market rally in the week ahead

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CNBC – For more and to sign up click here A Wall Street sign is seen near the New York Stock Exchange (NYSE) in New York City, May 4, 2021. Brendan McDermid | Reuters Investors will see whether stocks carry their newfound momentum into the week ahead, as major retailers,......

Retail stocks surge as Florida and New York announce plans to lift Covid restrictions

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CNBC – For more and to sign up click here A Gap store in New York, August 2, 2020. Scott Mlyn | CNBC A number of retail stocks surged Monday as investors looked for ways to buy into the economy reopening, after several large states further loosened Covid restrictions or......

Here’s why Amazon is moving its annual Prime Day shopping event earlier in the summer

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CNBC – For more and to sign up click here Amazon on Thursday confirmed that its annual Prime Day deals event will be shifting earlier this year, as the e-commerce giant looks to boost spending in what is normally a slower time in the retail calendar. The company has yet......

Investors may have to tune out noise from pandemic booms and busts as they gauge earnings reports

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CNBC – For more and to sign up click here A shopper walks by shelves in the paper products aisle of a store in Burbank, California, November 19, 2020. Robyn Beck | AFP | Getty Images In a typical earnings season, the rules of the game for investors can be......

Department stores like Nordstrom and Macy’s are still Americans’ favorite place to buy shoes

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CNBC – For more and to sign up click here The women’s shoe floor in Nordstrom’s flagship department store location in New York City features a cocktail bar in the center. Source: Nordstrom America’s department stores might be losing customers in the apparel aisles and at the beauty counters, but......

The post-pandemic spending spree has begun. Here are 6 things Americans are buying

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CNBC – For more and to sign up click here Shoppers wearing protective masks carry bags on Market Street in San Francisco, California, on Wednesday, April 14, 2021. David Paul Morris | Bloomberg | Getty Images Shoppers are emerging from their cocoons and aspiring to switch it up from sweatpants,......

A hint of what’s to come for dying malls: Phoenix mall owner sells out as property is rezoned for other uses

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CNBC – For more and to sign up click here Macerich’s Paradise Valley Mall in Phoenix, AZ. Google Earth The future of the suburban shopping mall could look something like a mini community, with far fewer places to shop. The U.S. mall owner Macerich announced Thursday it’s sold a majority......

These 10 retailers are in expansion mode: Here’s who is opening new stores

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CNBC – For more and to sign up click here A Dick’s Sporting Goods store Craig Warga | Bloomberg | Getty Images In a 180-degree turn from 2020, retailers’ expansion plans are outpacing plans to close up shop so far this year. U.S. retailers have announced 3,199 store openings and......

Dick’s Sporting Goods is launching its own men’s athleisure line, rivaling Lululemon

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CNBC – For more and to sign up click here VRST is debuting Tuesday on both Dick’s Sporting Goods’ website and a standalone VRST.com, and will be rolled out to more than 400 Dick’s Sporting Goods locations across the country in the coming weeks. Source: Dick’s Sporting Goods Dick’s Sporting......

Dick’s Sporting Goods shares fall as retailer predicts slowing sales in year ahead

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CNBC – For more and to sign up click here A Dick’s Sporting Goods store Craig Warga | Bloomberg | Getty Images Dick’s Sporting Goods on Tuesday topped Wall Street’s fourth-quarter estimates, as shoppers continued to buy equipment and apparel for outdoor activities and home workouts during the pandemic. Shares......

Activist Spotlight: What’s behind the campaign to force changes at Kohl’s

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CNBC – For more and to sign up click here A view outside a Kohl’s store in Miramar, Florida. Johnny Louis | Getty Images Company: Kohl’s Corp (KSS) Kohl’s operates as a retail company in the United States. Its stores and website offer apparel, footwear, accessories, beauty, and home products.......

Nordstrom shares fall as shipping delays boost retailer’s inventory heading into 2021

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CNBC – For more and to sign up click here The Nordstrom sign is seen on the front of the company’s flagship store in Seattle. The luxury retailer is expected to report its first quarter earnings soon. Due to the COVID-19 pandemic, many of the company’s locations are closed. Toby......

Kohl’s says it has no plans to sell more real estate and lease it back. Here’s why

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CNBC – For more and to sign up click here A view outside a Kohl’s store in Miramar, Florida. Johnny Louis | Getty Images Kohl’s said Tuesday that it isn’t planning to sell any of its real estate to then lease back, despite a group of activists pressuring the company......

Kohl’s says it added 2 million new customers in 2020, thanks to Amazon

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CNBC – For more and to sign up click here Amazon.com Inc. parking signage stands outside a Kohl’s Corp. department store in Huntington Beach, California, U.S., on Saturday, May 11, 2019. Kyle Grillot | Bloomberg | Getty Images Kohl’s said it added at least 2 million new customers last year......

Stocks making the biggest moves in the premarket: Zoom Video, Novavax, Nio & more

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CNBC – For more and to sign up click here Take a look at some of the biggest movers in the premarket: Zoom Video (ZM) – Zoom reported quarterly profit of $1.22 per share, beating the consensus estimate of 79 cents a share. Revenue also topped forecasts, and Zoom gave......

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