Kohl’s Corp forecast a steeper decline in full-year profit margin despite better-than-expected quarterly earnings, because of the cost of more aggressive H1 promotions and potential hit from new tariffs.
U.S. retailer Walmart Inc reported strong second-quarter results and raised its earnings expectations for the year, temporarily sidestepping concerns around consumer demand in the wake of tariffs on imports from China.
Macy’s cut its full-year earnings forecast on Wednesday after missing estimates for quarterly profit for the first time in at least two years, as it discounted merchandise heavily to clear spring inventory.
J.C. Penny CEO Jill Soltau is attempting to restore Penney’s roots as a retailer of mid-priced apparel for middle-class families, as she reduces inventory at stores to boost margins and closes underperforming outlets.
Levi Strauss & Co has been "deliberate and diligent" in moving production out of China because of uncertainty hanging over tariffs on goods imported from China, Chief Executive Officer Chip Bergh said.
The American womenswear retail group announced on Thursday that it has implemented a new, more streamlined organizational structure, revealing a string of leadership appointments associated with the move.