Which Famous Retailers In The United States Have Made Poor Performance Or Forced To Shut Down Their Stores?

In the first quarter of this year, the US

The company's finances are still in the doldrums, Sears (Sears), Macy 's (Messi department store), Target (Taghit), Nordstrom (Nodes Tron), J.C.Penney (Pani department store) and other giants of the same store sales are still varying degrees of decline, the number of stores is also constantly reducing.

According to the consultancy statistics, the whole nation still needs to close 800 stores, that is, 20% of the total, so that the department store industry can go from oversaturation to a relatively healthy state.

In the first half of this year, what famous retailers in the United States produced poor performance or forced layoffs?

1, the Sears deficit continued to expand. The chief financial officer resigned.

The quarterly results of Sears, the largest US Department Store Group, ended at the end of April this year, showing that the company's losses have expanded to $471 million, much higher than last year's loss of $303 million in the same quarter.

Its quarterly operating income was $5 billion 390 million, down 8.3% from the same period last year.

The company's same store sales fell 6.1%, of which Kmart sold 5% of the same store, while Sears's same store sales fell 7.1% year-on-year.

It is worth mentioning that after this unbearable business release, Sears also announced that RobertSchriesheim, the chief financial officer of the group, will leave office.

However, the word "loss", "down" and "shut shop" have been associated with Sears for several years. I am afraid it is not simply a matter for a chief financial officer to solve.

2, Macys store sales drop and drop electricity supplier business also no big improvement.

Sales of Macys (Messi department store) have declined for five consecutive quarters. At the beginning of this year, 40 stores and 4800 layoffs were announced. In June 23rd, CEOTerryLundgren was announced to be stepping down next year.

Reporters learned that its first quarter sales in May were again lower than expected and had to issue a profit warning.

Data showed that its net income in the first quarter was $115 million, down from $193 million a year ago, and its total income was $5 billion 800 million, down from $6 billion 200 million a year ago, and lower than FactSet's forecast of $5 billion 900 million.

In addition, its same store sales fell by 5.6%, and earnings per share fell to $3.15 -3.40 US dollars, less than expected.

The company's stock has fallen by 44% in the past year.

"Messi department stores on discount retail and

The exploration of the channel is not deep, which largely restricts the improvement of the company's performance.

Related analysis agencies pointed out that on the one hand, customers' consumption behavior has changed - from offline to online, resulting in a drop in sales volume of Messi department store, and on the other hand, its electricity business has not seen much improvement.

3, Target sales fell 5.4% in the first quarter, and the growth rate of e-commerce business also slowed down.

Target, an once famous retailer, also released the first quarter financial data in May, further confirming the weakness of us department stores in Taghit.

It is understood that in the first quarter of April 30th, Target achieved a 1.2% growth in same store sales, but the growth rate was still below the expected 1.6%.

In the first quarter, Target Group sales fell 5.4% to $16 billion 196 million, down from the lack of sales of clinics and pharmacies.

The projected $16 billion 320 million.

At the same time, it is worth noting that the growth of e-commerce sales in recent years, which has invested heavily in the group, has slowed down sharply, from 38% in the same period last year to 23%. The sales share of the group also dropped from 5% in the previous quarter to 3.5%.

4, J.C.Penney shut shop can not stop the gas has long been injured.

J.C.Penney (Peng Ni department store) spokesman said at the beginning of this year's investor conference that the group will close 7 stores this year.

5 of these stores are rental properties and 2 are self owned property.

In fact, in the past two years, J.C.Penney is the most frequent department store in the United States.

In 2014, Penny Department closed 33 stores and cut 2000 employees.

Last year, the company closed 39 stores.

Up to now, the company also operates 1020 stores.

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5, high-end department stores Nordstrom financial reports miserable layoffs addiction

Nordstrom, a senior department store in the United States (Nodes Tron), cut more than 400 positions in April on the basis of the adjustment of its business model after reducing the size of the scientific and technological team (120 employees) in March.

It is reported that Nordstrom's first quarter financial report was extremely miserable, and the stock price fell 17% after that.

CNBC and Wall Street Journal reported that Nordstrom's performance in the first quarter (up to April 30th) was worse than expected, and that it was necessary to reduce the inventory and clear inventory in the next year.

In the past 6 quarters, Nordstrom has had 5 quarters of earnings worse than expected, and its share price has fallen 41% in the past year.

Some analysts pointed out that in order to cater for the trend of consumption shifting from offline to offline, Nordstrom has invested heavily in e-commerce over the past few years, although it has increased the contribution rate of e-commerce business from 8% 5 years ago to 20% in fiscal 2015, but it has resulted in higher expenditure growth than sales growth.

6. Neiman Marcus, which is taking the high-end line, is also sluggish. It will be sold.

Neiman Marcus (Niemann) is a high-end chain department store in the US, which has been mainly engaged in luxury goods. It has a history of more than 100 years.

Affected by the sluggish retail market and the sluggish tourism industry, the group is also experiencing an extremely difficult period.

In June, the third quarter financial data released by Neiman Marcus showed that same store sales fell for three consecutive quarters, and profits also fell sharply.

In the third quarter of the 2015/2016 fiscal year ending April 30th, the net profit of Neiman Marcus was US $3 million 800 thousand, down 81% from the same period last year, and sales fell 4.2% to US $1 billion 170 million compared with the same period last year, while same store sales fell 5% over the same period last year.

In addition, reporters learned that Neiman Marcus group failed to apply for IPO last year. Since then, it has indicated that the company will stop the IPO plan in view of the harsh environment of the stock market and the challenging background of its group performance.

In June, when the third quarter earnings report was released in June, it was also reported that the NeimanMarcus owners, Ares ManagementLLC and Canada Pension PlanInvestment Board, who are eager to divest themselves, hope to find buyers as soon as possible.

7, Kohl 's net profit plummeted 87% points, 18 stores cut 3 executives.

The first quarter earnings report for the family chain corporation Kohl s (Karl) released in May is still a slump.

In the first quarter of April 30, 2016, net profit of Kohl 's group fell 87% to $17 million, while the diluted earnings per share were $0.31, a decrease of 50% over the same period last year.

In the first quarter, the revenue of Kohl 's department store recorded 3 billion 972 million US dollars, which also had a 3.7% decline, worse than the US $4 billion 120 million expected by the market and a 3.9% decline in same store sales.

In addition, in March, Kohl 's also announced the decision to close 18 stores this year, and said that three executives would be laid off.

According to the report, the 18 shops may not sound much, but this is the first time that the brand has made a decision to close stores.

8, Sports Authority, an old sporting goods retailer, has gone bankrupt.

Sports Authority, a veteran sporting goods retailer in the United States, has 463 stores in the United States. Due to the competition of e-commerce, its long-term operation is bad, and its debt accumulates to $1 billion 100 million.

At the beginning of March, it declared bankruptcy. It said that it would close all stores and start liquidation.

It is understood that Sports Authority is owned by Leonard Green&Partners, a private Holdings Company based in Losangeles.

The company bought Sports Authority for $1 billion 400 million in 2006.

At that time, Sports Authority was the largest sporting goods retailer in the United States.