Walmart & Target Thrive While Macy’s, Kohl’s Crash on Weak Holiday Sales - CCN Crypto Coins News - Fri 11 Jan 12:30 GMT
Walmart and Target are thriving in 2019, but Macy's and Kohl's have seen their shares crash following the publication of weak holiday sales numbers.
Shares in Macy’s (M) are down roughly 16% over the 24-hour period on the Big Board.
Kohl’s also found itself in trouble this week, having posted similar figures to Macy’s, at 1.2% “shifted comparable sales increase.”
Target had nearly double the results of Macy’s and Kohl’s, with an over 3% sales increase over the previous year.
Walmart’s domestic sales dwarf those of Kohl’s and Target at 4.3% gains for December.
Nevertheless, as investors seem to strategize away from department stores in the wake of a rough holiday season, Walmart’s losses on the market were far less than the rest of the companies mentioned over the same period.