Retailers got a so-so start to earnings season last week when Macy’s reported earnings that narrowly beat expectations. The tone got much worse on Tuesday. Kohl’s and J.C. Penney both reported earnings that disappointed investors, triggering a drop in their shares and a broader selloff in department store stocks.
Kohl’s reported adjusted earnings of 61 cents a share, compared with analyst expectations for 68 cents a share. Sales at stores open for at least 12 months fell 3.4%—far steeper than the 0.2% drop analysts were expecting....
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J.C. Penney same-store sales fall more than expected, shares dropJ.C. Penney Co Inc reported a steeper-than-expected fall in quarterly comparable... Get out of the malls, fast Last time I was in a JCPennys it was depressing. I passed by a closed down Sears store. It made me sad. So sorry to J.C. Penney Stores go away too.
Source: Reuters - 🏆 2. / 97 Read more »
Macy's CEO warns that the trade war could force the department store to raise pricesMacy's is bracing itself for a wave of new tariffs. CEO Jeff Gennette issued a warning about the impact tariffs could have on consumers. Does that mean their sales people get higher commissions?
Source: BusinessInsider - 🏆 729. / 51 Read more »
Inside the luxurious department store founded by one of the most important figures in Mormon historyBrigham Young, one of the most important leaders of the Church of Jesus Christ of Latter-day Saints, technically founded a department store too. ZCMI wasn't luxurious. Blocks and the Bon Marche had far better clothing.
Source: BusinessInsider - 🏆 729. / 51 Read more »
Children's Place to close up to 45 stores in 2019, but also opening new storesThe Children's Place is closing 40 to 45 stores in 2019 but at the same time is opening new stores to fill the void left by Gymboree. Wait. I got it. Well hopefully none in Georgia or Alabama are closing because it looks like business will be booming there now! A string of Companies are closing hundreds of their stores, people are loosing their jobs but strangely the Trump administration claims the economy is booming & new jobs are being created. Theres a joke in this tweet. I can feel it...give me a second.
Source: USATODAY - 🏆 100. / 63 Read more »
Tiger Woods, amid lawsuit, says death of former employee a 'terrible ending'Tiger Woods, who is being sued by the parents of a drunken driver who died in a ... The thing is it's not the ending. His life may have come to an end. That's not debatable. What is debatable is how far this lawsuit will go. Best to settle it quickly. He did not pour the alcohol down the guys throat he is not culpable in the crime. Jesus fuck christ when did we start going ' It's someone else's fault!' When the persons' direct actions caused their demise! The headline makes it sound like he was expected to say the opposite of a ‘terrible ending’ 😒
Source: Reuters - 🏆 2. / 97 Read more »
Selena Gomez just said social media has been terrible for young peopleSelena Gomez is voicing her concern about the 'terrible' effect that social media has had on her generation, and says she advocates taking breaks from the platforms. I am agreed 👍 Agreed. Social media is a gift and a curse to us, so much power given to the people, so much information, good and bad, this world is a flaming ball of anger and Idiocracy.
Source: CNN - 🏆 4. / 95 Read more »
William Barr's terrible judgmentCNN News, delivered. Select from our newsletters below and enter your email to subscribe. eliehonig Opinion What a PIG! eliehonig Opinion You are fake news. eliehonig Opinion Lol FakeNewsCNN is SALTY
Source: CNN - 🏆 4. / 95 Read more »
Selena Gomez: ‘Social media has really been terrible for my generation’“It just scares me, that’s all. I see these young girls at meet and greets. They’re devastated, dealing with bullying ... I would just be careful and allow yourself some time limits of when you should use it.” - Selena Gomez on social media she's very correct I think. ae want americans know we do not habe any problem with them. we dont have any problem,with anyone. all we want is our freedom. NegotiatingWithTerroristsConfirmsTerrorism TrumpOverthrowIRI VOApersianAgainstPersians IraniansAmericansDialogueMovement It's been great for mine, boomers too.
Source: latimes - 🏆 11. / 82 Read more »
It 'scares me': Selena Gomez calls social media 'dangerous' and 'terrible' for youthSelena Gomez may be the third most followed person on Instagram, but that didn't stop her from sharing her concerns about social media. But it also thrills her to see her growing fan following. Third most followed it just shows how dumbed down society has become althrough what happend i will stand with selena and surpport for her
Source: USATODAY - 🏆 100. / 63 Read more »