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Nordstrom Trims Full-Year Forecast On Weak First-Quarter Start

Nordstrom Trims Full-Year Forecast On Weak First-Quarter Start

Nordstrom Inc. reported first-quarter earnings fell well short of Wall Street's targets as execution issues associated with the launch of its enhanced loyalty program was partly to blame for a sales shortfall.  It now expects 2019 net sales between a 2 decline to flat growth, compared with its previous projection of 1 percent to 2 percent rise. (Read More)

Kohl’s Cuts Outlook After Quarterly Miss

Kohl’s Cuts Outlook After Quarterly Miss

Kohl's reduced its annual outlook after reporting first-quarter results came in below analysts’ estimates. Michelle Gass, Kohl's chief executive officer, said in a statement, "The year has started off slower than we’d like, with our first quarter sales coming in below our expectation." (Read More)

JC Penney’s Q1 Loss Steepens

JCPenney Company Inc. widened its loss in the first quarter to $154 million, or 48 cents per share, from a loss of $78 million, or 25 cents, last year. Comparable sales decreased 5.5 percent for the first quarter. (Read More)

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