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Thu, May 12 2016


Kohl's, Nordstrom results deepen retail jitters

Kohl's Corp and Nordstrom Inc reported a surprise fall in quarterly comparable sales on Thursday, highlighting the malaise in the department store sector as consumers pull back spending on apparel. | Video

UPDATE 4-Kohl's, Nordstrom results deepen retail jitters

* Nordstrom down 17 pct after-market (Adds Nordstrom results; updates shares)

BRIEF-Kohl's on conf call - Need to take our expenses down to meet FY earnings forecast

* On conf call - transactions per store were down 4.8% for Q1

BRIEF-Kohls Corp posts Q1 EPS of $0.09

* Were able to manage gross margin and inventory levels consistent with expectations as co took markdowns necessary to clear excess inventory

Kohl's reports first drop in net sales in six quarters

May 12 Department store operator Kohl's Corp reported its first drop in net sales in six quarters as unseasonably cool weather in late March and early April hurt sales of spring apparel.

U.S. RESEARCH ROUNDUP-Aflac, St. Jude Medical, Gap

May 10 Wall Street securities analysts revised their ratings and price targets on several U.S.-listed companies, including Your Community Bankshares, Kohls and Nordic American Tanker, on Tuesday. HIGHLIGHTS * Aflac Inc : FBR cuts to market perform rating * Sprouts Farmers market Inc : Goldman Sachs cuts to sell from neutral * Hasbro Inc : Piper Jaffray cuts to neutral from overweight * St. Jude Medical Inc : SunTrust

BRIEF-Moody's Downgrades Kohl's Senior Unsecured Rating To Baa2

* Moody's on Kohl's - Downgrade reflects the persistent declines in earnings which started in 2011 and has resulted in weakening credit metrics

BRIEF-Fitch downgrades Kohl's Corporation to 'BBB' outlook stable

* Fitch downgrades Kohl's Corporation to 'BBB'; Outlook stable

Lawsuit over Capital One, Kohl's credit cards can proceed-ruling

Capital One Financial Corp and department store chain Kohl's Corp must face a proposed class action lawsuit by customers who claim they were improperly charged for worthless credit card add-on services, a federal judge in Philadelphia has ruled.

Kohl's warns 2016 sales may fall

U.S. department store operator Kohl's Corp warned that sales could fall this year and said it was unlikely to meet its 2017 target of $21 billion in sales because of a weak economy and a pullback in consumer spending on its core categories such as apparel.

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