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Results Are In: How Macy’s, Kohl’s and Other Retailers Performed During the Holiday Shopping Season

Although many retailers appeared to find their stride, 2018 was not without its ups and downs for footwear and apparel sellers as well as their shareholders.
Toward the end of the year, the stock market saw sizable swings in both directions on a regular basis, with the Dow Jones Industrial Average marking its worst December since the Great Depression.
Despite strong consumer confidence, low unemployment and tumbling fuel prices, retailers saw most of their early year gains wiped out — a decline that unfortunately extended into the all-important holiday shopping season. (The National Retail Federation predicted that holiday retail sales during November and December would advance between 4.3 and 4.8 percent over the same period last year.)
Keeping track of results, FN rounds up retailers’ sales numbers and profit outlooks as we enter 2019.
Kohl’s Corp.
Shares at Kohl’s dipped nearly 10 percent on Thursday after the Milwaukee-based retailer noted a rise of just 1.2 percent in same-store sales for the last two months, compared with 6.9 percent the same time in 2017. However, robust growth in its digital business allowed the company to raise its full-year guidance to a range of $5.50 to $5.55, versus its prior outlook of $5.35 to $5.55.
“The strong performance we

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Via:: https://footwearnews.com/2019/business/retail/macys-target-kohls-retail-holiday-2018-sales-results-1202728386/