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Tag: outlook

Kohl’s shares tank on dismal holiday sales results, lowered outlook

Kohl’s said same-store sales during November and December fell 0.2% due to weakness in its core women’s apparel business, leading it to temper expectations for the year. Based on the dismal holiday performance, Kohl’s said in a press release that it is now calling for fiscal 2019 diluted earnings per share to be at the …

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A resurgent Best Buy raises annual outlook on strong Q3

Best Buy is entering the holiday selling season with reasons to celebrate. The nation’s largest electronics retailer said its income increased to $293 million, or $1.10 per share, in the quarter ended Nov. 2, up from $277 million, or 99 cents per share, in the year-ago quarter. Adjusted earnings came to $1.13 per share compared …

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Retail Legislative And Regulatory Outlook for 2020

For better or worse, most of the legislative and regulatory issues important to the retail community will be addressed (or not) through the lens of the 2020 presidential election cycle. Whether it’s trade, immigration or data privacy, the issues will unfortunately be merely a vehicle to play to various voter constituencies, with employers and retailers …

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Moody’s Investors Services predicts slower growth for retailers; revises outlook

Intense competition and digital investments are putting pressure on retailers’ profits.  That’s according to a new report from Moody’s Investors Services which has revised its outlook for U.S. retail from positive to stable from positive. The change comes as the industry faces rising pressure due to intense competition in the fight for market share and …

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AccuWeather: Holiday weather outlook looks good for retailers

The weather is not expected to play all that big a role in holiday sales this year.   That’s according to a forecast by AccuWeather, whose meteorologists are forecasting no major snowstorms for major cities in the Northeast corridor and for temperatures to be higher than last year from Thanksgiving to Christmas in Eastern cities, …

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Black Friday retail outlook is challenging

Get great content like this right in your inbox. Subscribe There is good news and bad news for retailers about Black Friday. The good news is slightly more consumers say they intend to go into physical stores on Black Friday this year than in 2018 – 39%, up 2% from the response in a similar consumer …

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