Us Department Stores Are On Ice For 1.2% Days.

In the past two holiday seasons, the US Department store industry suffered two days of heavy ice. After the Macy s Inc. (NYSE:M) Messi department store issued a sluggish 11-12 month performance and lowered its outlook for the year, the retail stocks of the United States collectively collapsed, while the Kohl s Corp. (NYSE:KSS), which disclosed the holiday season's performance, was naturally unable to escape.

In the early morning, the shares of Klose Department plummeted 10.49%, while the group's 11-12 month sales in the same store only recorded an increase of 1.2%, far less than the 6.9% increase in the same period last year, which is also lower than the 2.5% increase in the three quarter, which is better than that in Messi's department store. The 0.7% increase has led to a sharp sell-off in investment, while Messi's department stores also hit the biggest one-day decline in the 27 years.

However, the market is slightly relieved that the discount department store Target Corp. (NYSE:TGT) has increased by 5.7% over the holiday season in Taghit, but the stock also dropped 2.85% to $68.29 a day.

The first female CEO of Michelle, Gass, said that the group's investment in all channels provided a positive trading growth for the holiday season while double-digit growth in digital channel sales.

Colls raised the annual EPS from US $5.35-5.55 to 5.50-5.55 US dollars, excluding the $42 million debt hedging, while Refinitiv Refinitiv was expected to be US $5.52.

Sanford Bernstein analyst Brandon Fletcher said that retailers' first round of earnings season had diluted the previously optimistic holiday season, and began to depreciate significantly in January. The impact of interest rate increases and trade frictions on consumer confidence began to show.

Tang Xiaotang, analyst at No Agency, said that the slowdown in US economic growth will put a stop to the strong performance of the retail industry for only a year. The latest holiday season shows that the new recession in the retail industry has begun, especially in the high-end fashion business. But it is believed that the mass consumption and parity fast fashion industry can win the industry index, such as NYSE:PG, WAL-MART (NYSE:WMT) and Gap Inc. (NYSE:GPS).

To protect profit margins, the Department of stores, which has more than 1150 department stores, announced on Thursday that it would close down four loss stores and a customer service center and propose a voluntary retirement scheme for long-term service employees aged 55 or above.

However, Oliver Chen Chen, an analyst at Cowen & Co., an investment bank, praised the loyalty program of the Department of justice in its report on Thursday. It believed that the loyalty program to boost passenger flow, especially the development of sports brand, was obvious, and therefore awarded the "win win" rating of the department store, which was considered the most popular company in the industry. Moodie analyst Christina Boni also took a high base in the same period last year to justify the past holiday season in the Department of justice.

Thursday's closing, Kohl 's Corp. (NYSE:KSS) shares declined sharply in the morning, and recorded a 4.81% decline in the day, closing at $66.54.

Source: no fashion Chinese net: Li Yan