What Kohl’s Awful Numbers Tell Us About J.C. Penney’s Prospects

If Kohl's can't get its act together, Penney has even worse odds.


22 May, 2019FORTUNE.COM

What Kohl’s Awful Numbers Tell Us About J.C. Penney’s Prospects | BEAM

Kohl’s kss investors hoping for the retailer’s continued turnaround got a fright on Tuesday when it announced dismal first-quarter results and slashed its 2019 forecasts.

But Kohl’s results--a 3.4% comparable sales decline that was far worse than Wall Street expected--are even scarier to another chain’s shareholders: J.C. Penney, jcp the struggling department store chain that reported a 5.5% decline in comparable sales for the first quarter, a continued hemorrhaging of its business....

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