Markets

Nordstrom slumps after missing on comparable sales and slashing guidance

Nordstrom beat on both the top and bottom lines. But the retailer’s comparable sales fell short of Wall Street expectations. The company also slashed its full-year guidance. Watch Nordstrom trade live. Nordstrom shares plunged as much as 16% Friday, their biggest intraday decline in more than two years, after the […]
Nordstrom slumps after missing on comparable sales and slashing guidance
Markets

Kohl’s jumps after beating across the board and raising guidance

Kohl’s first-quarter earnings beat on both the top and bottom lines. Comparable sales increased 3.6%, surpassing the 2.7% estimate. Kohl’s raised its full year 2018 guidance. Shares rise more than 5% before the opening bell. Watch Kohl’s trade in real-time here. Kohl’s is rising more than 5% in pre-market trading […]
Kohl’s jumps after beating across the board and raising guidance
Markets

Victoria’s Secret can’t pin its struggles on the retail apocalypse

Victoria’s Secret and PINK, owned by L Brands, have been struggling with growth. April marked the second month of declining sales for the two sister stores. The two lingerie brands may be hitting their ceiling after years of dominating the lingerie market. Watch L Brands trade in real time here. […]
Victoria’s Secret can’t pin its struggles on the retail apocalypse
Markets

JC Penney is tumbling as guidance disappoints and cold weather weighs on sales

J CPenney reported disappointing first-quarter results ahead of Thursday’s opening bell. The company blamed cooler temperatures for its sales miss. Shares fell more than 14% in pre-market trading. Watch J.C. Penney trade in real-time here. JCPenney plunged more than 14% in pre-market trading Thursday after reporting first-quarter earnings and guidance […]
JC Penney is tumbling as guidance disappoints and cold weather weighs on sales