department store

Financials
Kohl’s Sees Sales Decline In Q1

Following a decline in first quarter net sales and comparable store sales, Kohl’s CEO Michelle Gass said the retailer is “actively addressing opportunities” that impacted revenue in the three month period ended May 4.

Retail
Hudson’s Bay In Talks With Signa On European Joint Venture

Hudson’s Bay Co. has refuted recent reports it had signed a binding agreement to sell or combine its European business or properties but acknowledged that it is in discussions with Signa Holding GmbH exploring a potential joint venture and has signed a non-binding letter of intent with that firm.

Financials
J.C. Penney Q1 Comp Sales Flat

It was a tougher than expected first quarter for J.C. Penney as the department store chain reported sales that were below expectations, which were impacted by what company officials said was a late start to spring weather.

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