Department stores struggle in Q1

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Same-store sales growth Macy’s ( M ) same-store sales grew 0.6% on an owned basis and 0.7% on an owned-plus-licensed basis in the first quarter of fiscal 2019, which ended on May 4.

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See also: Off Price Store earnings commentary: nordstrom rack, Ross, TJ Maxx Department Stores continue to struggle with consumer spend shifts. Each Department Store is using one of or all of the following strategies: 1) lower the number of stores; 2) shrink the size of go-forward stores; 3) invest in internet fulfillment; 4) brands vs. exclusive private labels as a differentiator.

The department store reported Q1 earnings. Nordstrom Inc. today reported better-than-expected earnings as sales soared in its off-price Nordstrom Rack business but remained tepid in full-line stores.. Overall, the department store chain’s first-quarter sales increased 2.7 percent, to $3.3 billion – in line with market watchers’ expectations.

Dive Insight: Executives maintain that its Shop Your Way loyalty program is a key part of its turnaround. It’s also partnered with Amazon to sell Kenmore products, tested new store formats and revived its holiday catalog. In Q1, comps increased in apparel, footwear and jewelry at both Sears and Kmart. But few analysts see a turnaround ahead for the retailer.

Kohl’s Corp (KSS) Q1 2019 Earnings call transcript kss earnings call for the period ending May 4, 2019.. Vice President of Investor Relations of Kohl’s Department Stores. Please go ahead.

Mark Cohen, Columbia Business School and Simeon Siegel, nomura instinet analyst, discuss the outlook for retail in the next year. Subscribe to CNBC: http:/.

 · History says department stores will struggle in the future. Department stores emerged in Britain and France in the 19th century. They introduced several new.

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NewsFlash: Retail in US grew 4.1% in Q1 2017. By the end of 2016, the square footage per capita in America was nearly 5x that of other western countries. Since the 1970s, shopping malls and sales space grew 4x the pace of population growth creating an unsustainable bubble in department stores and specialty soft goods retailers.

Michael Kors Falls As Affordable Luxury Brands Struggle. Kate Spade shares slipped 0.7% by the close Wednesday. Ralph Lauren’s Q1 EPS slid 3% to $1.06 on a 4% drop in revenue to $1.55 billion as the apparel brand and retailer closes 10% of stores. Analysts were looking for 89 cents EPS and .53 billion sales. shares jumped more than 8.5% to 103.14.