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The State of Department Stores: How Macy’s, Nordstrom & JCPenney Are Performing Right Now

The struggles continues.
While much of retail’s surviving class were expected to demonstrate during the 2018 holiday season that they had found their groove, early results for the period showed that many industry players continue to fall somewhere between hit and miss.
Macy’s, Nordstrom and JCPenney were among the firms to experience notable misses during the all-important two-month stretch — and all three firms will report their quarterly results this week, providing a fuller picture of the health of their respective businesses.
For Macy’s — due to report fourth-quarter results before the market open tomorrow — analysts expect to see reduced profits of $2.53 per share, compared with $2.82 in the same year-ago period.
The department store chain, which recently closed about 100 underperforming stores and placed a bigger emphasis on digital with concepts like its Facebook partnership, is also expected to see Q4 sales dip 2.5 percent to $8.45 billion.
Investors are likely hoping tomorrow’s results won’t bring a disappointing end to a year during which the retailer had appeared to gain its footing, posting solid digital sales gains and making strides to reposition itself in the current climate.
Nordstrom meanwhile, will report its first round of earnings since the unexpected passing of co-president Blake

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Via:: https://footwearnews.com/2019/business/retail/macys-jcpenney-nordstrom-earnings-q4-2019-department-store-holiday-1202752288/