Macy's shares -11% on disappointing quarter; brick-and-mortar peers under pressure (29.34)
Macy's shares are lower by 11% at multi-year lows following a disappointing earnings report. Department store retailer Dillard's (DDS) is also under pressure by 4.5% following its disappointing earnings report this morning, while discount retailer Kohl's (KSS) is just fractionally lower following better-than-expected earnings and comments about improvement in March/April.
Brick and mortar retailers are generally seeing weakness in the wake of Macy's disappointing quarter. Note that Nordstrom (JWN), which is also trading lower in sympathy with Macy's, reports earnings after the close tonight.
Retailers under pressure:
Brick and mortar retailers are generally seeing weakness in the wake of Macy's disappointing quarter. Note that Nordstrom (JWN), which is also trading lower in sympathy with Macy's, reports earnings after the close tonight.
Retailers under pressure:
- JCP (JCP) -4.7% -- reports earnings May 12 before market
- Dillard's (DDS) -4.5% - also reported earnings this morning
- Nordstrom (JWN) -3.6% -- reports earnings tonight
- Target (TGT) -1.1% - reports earnings May 17 before market
- Wal-Mart (WMT) -1% - reports earnings May 18 before market