Kohl's and Macy's Enjoy a Strong Start to the Holiday Season
Kohl's (NYSE: KSS) has been posting mediocre comp sales growth in recent quarters, while Macy's (NYSE: M) hasn't reported growing comps in nearly three years. Shares of both companies have plunged since 2015, as investors began to fear that department stores may never mount a successful comeback.
In this episode of Industry Focus: Consumer Goods, the cast digs into the two department store giants' recent sales trends. With the exception of a potentially costly credit card glitch at Macy's on the afternoon of Black Friday, both companies have had good news to report for this holiday season. Sales ran ahead of expectations throughout November, which could drive a return to earnings growth at Kohl's and Macy's in this all-important quarter.
A full transcript follows the video.
Source: Fool.com
Kohl's Corp. Aktie
Leichtes Buy-Übergewicht bei Kohl's Corp. mit 5 Buy- gegenüber 2 Sell-Einschätzungen.
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