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Jan 10, 2019
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we mentioned l brands down 10 miss and kohl's also down 10%.t think that number was too bad, but it is being taken that way. >> i don't want to -- we sold some kohl's for some club members. we downgraded the stock. at these prices do i really, really want to sell that one i don't know if it gets to 60 i sure don't. that would be silly. this is a group that is dramatically oversold and i've got to tell you, i just think it's over sold because what happened is that we heard that everything was great, but it really wasn't. if you go back to what manny tirico is saying, pbh, things were not that great in the last couple of months, and i don't understand why people didn't realize it with the exception of the dollar stores, of costco and tjx and burlington where david always threatens to go with me you didn't see great numbers i'm waiting for walmart. i think walmart did have a pretty good holiday season but that stock is up from 88 that one may be too high, too. >> it's really confusing because we got the data points out of the mastercard saying the
we mentioned l brands down 10 miss and kohl's also down 10%.t think that number was too bad, but it is being taken that way. >> i don't want to -- we sold some kohl's for some club members. we downgraded the stock. at these prices do i really, really want to sell that one i don't know if it gets to 60 i sure don't. that would be silly. this is a group that is dramatically oversold and i've got to tell you, i just think it's over sold because what happened is that we heard that everything...
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Jan 10, 2019
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>> i think looking at macy's versus kohl's is a good example because kohl's has reimagined its offer. they brought in some new merchandise categories and, you know, changed around the stores and stores look great. they're accepting amazon returns and doing a lot of untraditional things and i think that's working for them although, comped strong from last year and raised guidance to the high end of the range. so i think it's a different story there. i do think that the department store model is a little bit challenged and people are just, you know, shopping is distributed. we're shopping everywhere. looking at brands that are very broad and our influences are broad. we're no longer going to the department store as the arbiter of what's cool but there are things self-inflicted with macy's. >> thank you both. liz dunn and then the tough state of retail today. >> thanks for having me. >>> up next, our special series. investing for a lifetime we focus on people in their 60s. the final moves you need to make or the mistakes you need to avoid before retirement. that's nec on "power lunch." i
>> i think looking at macy's versus kohl's is a good example because kohl's has reimagined its offer. they brought in some new merchandise categories and, you know, changed around the stores and stores look great. they're accepting amazon returns and doing a lot of untraditional things and i think that's working for them although, comped strong from last year and raised guidance to the high end of the range. so i think it's a different story there. i do think that the department store...
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Jan 10, 2019
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truly nasty forecast cut from macy's [ booing ] >> along with some not so hot holiday numbers from kohl'snd target as though i argue they're better than macy's. size revenues and passengers slashing the forecast because of weaker fares the guide downs left people scratching their heads about how much the economy has deteriorated since these companies -- well, not that long ago. we got the home builders from apple last night here we go again the market is about to roll over, just like we feared. >> no, no! >> we're going to retest those lows that we were so quickly out of and left behind when fed chief jay powell gave this market a stay of execution last week with his more dovish talk about being patient with rate hikes. with all of this bad news, you know what? everything we got thrown at this morning, it would have been natural for stocks to get destroyed. >> sell, sell, sell! >> however, that's not what happened not at all sure, investors fled from the airlines and retailers that's natural but di they didn't flee from the stock market instead they swapped into package goods stocks, the
truly nasty forecast cut from macy's [ booing ] >> along with some not so hot holiday numbers from kohl'snd target as though i argue they're better than macy's. size revenues and passengers slashing the forecast because of weaker fares the guide downs left people scratching their heads about how much the economy has deteriorated since these companies -- well, not that long ago. we got the home builders from apple last night here we go again the market is about to roll over, just like we...
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Jan 29, 2019
01/19
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she's already stolen from kohl's too."a video grabbing the attention of the northstate.nat sound"going into chuck e. cheese's and stealing poeple's wallets? those items are stolen."it's the moment a woman was caught trying to use someone else's credit card."move, it's not stolen. stop."julia avery/reporting"it all started here at chuck e cheeses. leasha sanders was celebrating her niece's third birthday, when she noticed her wallet had gone missing. she says about 15 minutes later she saw a transaction coming from kohls."leasha sanders/theft victim"everytime she made a transaction it would notify me" an app on her phone became a map to her wallet...so her friend suggested they follow it.leasha sanders/theft victim "if it weren't for her, i would have been sulking in chuck e cheese freaking out over my wallet and she was like no let's go now so i was like ok i guess we're going on a mission."when they got to kohl's the suspect had already left.then another transaction appeared from walmart and that's where they found her an
she's already stolen from kohl's too."a video grabbing the attention of the northstate.nat sound"going into chuck e. cheese's and stealing poeple's wallets? those items are stolen."it's the moment a woman was caught trying to use someone else's credit card."move, it's not stolen. stop."julia avery/reporting"it all started here at chuck e cheeses. leasha sanders was celebrating her niece's third birthday, when she noticed her wallet had gone missing. she says about...
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Jan 4, 2019
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kohls. trade it or fade t, karin. >> i'm going to trade it i just think it's over -- cheap to itself. it's cheap to the market i -- >> wow what an reaction. >> it's kohls. >> as a risk reward it's compelling you like at things like the data today. that's good for kohls, the american consumer is out there and employed and getting more -- higher in wages. i don't know, i think put that altogether it's better than fade it i would trade it. >> you know, alling the grunts and growns were all about fading it i think the entire sector is under so much pressure they have labor costs. they have competitive forces they are all killing each other every day. you fade this thing not because of the global kme. you fade it because of the seccer >> dan is up next and chipotle is the name. cmg. >> i thought i had no opinion on this at this point i don't find some of the rallies that impressive when you look at chipotlele rally off the low. again this is a controversial name it's been a very volatile name i j
kohls. trade it or fade t, karin. >> i'm going to trade it i just think it's over -- cheap to itself. it's cheap to the market i -- >> wow what an reaction. >> it's kohls. >> as a risk reward it's compelling you like at things like the data today. that's good for kohls, the american consumer is out there and employed and getting more -- higher in wages. i don't know, i think put that altogether it's better than fade it i would trade it. >> you know, alling the...
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Jan 28, 2019
01/19
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when they got to kohl's the suspect had already left.hen another transaction appeared from walmart and that's where they found her and alerted a manager. leasha ultimately grabbed her wallet and keys from the woman without a struggle... the police got there to take a report once the suspect was already gone.. officers believe the woman got away with hundreds of dollars in merchandise. ( robin ) for your money-- the u-s post office has raised prices on stamps and services. a first-class one-ounce mail letter will go up to 55 cents. the nickel increase is the largest percentage hike since 1991... when postage increased from 25 to 29 cents. forever stamps are also jumping to 55 cents. and.... priority mail prices will also jump five-point-nine percent... making a small box that previously cost $7.2
when they got to kohl's the suspect had already left.hen another transaction appeared from walmart and that's where they found her and alerted a manager. leasha ultimately grabbed her wallet and keys from the woman without a struggle... the police got there to take a report once the suspect was already gone.. officers believe the woman got away with hundreds of dollars in merchandise. ( robin ) for your money-- the u-s post office has raised prices on stamps and services. a first-class...
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Jan 10, 2019
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take a look at off-mall competitor kohl's.hey also saw holiday sales grow about the same of 1.2% like macy's, they saw double digit growth online. unlike macy's, they've revised the lower end of their full year earnings guidance. still, kohl's shares taking a hit from what's going on over at macy's and the sentiment bleeding in. target the strongest holiday sales so far, up 5.7% on strong traffic. online sales stronger by 29%, and stores became a very important part of the holiday season for target, fulfilling three-quarters of online orders in some way. that means the distribution centers were only used for about 25% of what was ordered online still target shares are lower. master card said total holiday sales based on real spending data is up about 5%. today showed us it's not the jolliest holiday for every retailer back to you. >> courtney, thank you let's bring in jerry storch, ceo of storch advisers strong consumer, strong economy not doing the trick for macy's why? >> the health of the consumer from the traditional depar
take a look at off-mall competitor kohl's.hey also saw holiday sales grow about the same of 1.2% like macy's, they saw double digit growth online. unlike macy's, they've revised the lower end of their full year earnings guidance. still, kohl's shares taking a hit from what's going on over at macy's and the sentiment bleeding in. target the strongest holiday sales so far, up 5.7% on strong traffic. online sales stronger by 29%, and stores became a very important part of the holiday season for...
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Jan 10, 2019
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david: kohl's down as well.istent theme that was disappointed at the holiday season, but up 1.2%, thought to be up about 3%. last year they were up 6.9% for the holiday season year-over-year. they are down almost 4%. alix: but target was good. target was the one it was actually good, and they set the bar pretty high. obviously getting dragged down by sentiment. can they be the outlier? actually did really well in e-commerce. david: it must be that people are just losing faith, if they had it, in the retail brick-and-mortar space. alix: is it is a broad, general sort of consumer story, that is one thing. is it is a specific company story, that is another thing. also, you had a huge rally, and expectations are pretty high going into the holiday season. it does set up a have to have-nots. digital sales were up 29%. their margins might be a different story because they offered free shipping with no minimum for two day delivery. david: it is a great point. great point. coming up, california regulators break up their
david: kohl's down as well.istent theme that was disappointed at the holiday season, but up 1.2%, thought to be up about 3%. last year they were up 6.9% for the holiday season year-over-year. they are down almost 4%. alix: but target was good. target was the one it was actually good, and they set the bar pretty high. obviously getting dragged down by sentiment. can they be the outlier? actually did really well in e-commerce. david: it must be that people are just losing faith, if they had it,...
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Jan 29, 2019
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she's already stolen from kohl's, too. >> wow.his redding woman was celebrating her niece's birthday at a chuck e. cheese when she realized her wallet had gone missing. 15 minutes later an app on her cell phone notified her about a transaction coming from kohl's. that's when her friend suggested she follow it. >> if it refor her, i would have been sulking in chuck e. cheese freaking out over my wallet. she's like no. let's go now! i was like okay, i guess we're going on a mission. >> on her way to kohl's another transaction popped up, this time from wal-mart and that's where they found the alleged thief and alerted the manager. the woman was able to get her wallet back without a struggle. the suspect is believed to have gotten away with hundreds of dollars in merchandise. >> easy for her friend to say you go do it. >>> coming up at 5:30 national parks around the bay area reopened today, but the shutdown didn't come without a cost, the challenge for some attractions getting back to normal. >> and keeping up with kim kardashian at t
she's already stolen from kohl's, too. >> wow.his redding woman was celebrating her niece's birthday at a chuck e. cheese when she realized her wallet had gone missing. 15 minutes later an app on her cell phone notified her about a transaction coming from kohl's. that's when her friend suggested she follow it. >> if it refor her, i would have been sulking in chuck e. cheese freaking out over my wallet. she's like no. let's go now! i was like okay, i guess we're going on a mission....
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Jan 28, 2019
01/19
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she's already stolen from kohl's too."into chuck e. cheese's and stealing poeple's wallets? those items are stolen."it's the moment a woman was caught trying to use someone else's credit card."move, it's not stolen. stop."julia avery/reporting"it all started here at chuck e cheeses. leasha sanders was celebrating her niece's third birthday, when she noticed her wallet had gone missing. she says about 15 minutes later she saw a transaction coming from kohls."leasha sanders/theft victim"everytime she made a transaction it would notify me" an app on her phone became a map to her wallet...so her friend suggested they follow it.leasha sanders/theft victim "if it weren't for her, i would have been sulking in chuck e cheese freaking out over my wallet and she was like no let's go now so i was like ok i guess we're going on a mission."when they got to kohl's the suspect had already left.then another transaction appeared from walmart and that's where they found her and alerted a manager.leasha sanders/theft victim"once i said that'
she's already stolen from kohl's too."into chuck e. cheese's and stealing poeple's wallets? those items are stolen."it's the moment a woman was caught trying to use someone else's credit card."move, it's not stolen. stop."julia avery/reporting"it all started here at chuck e cheeses. leasha sanders was celebrating her niece's third birthday, when she noticed her wallet had gone missing. she says about 15 minutes later she saw a transaction coming from kohls."leasha...
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Jan 30, 2019
01/19
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kohls and weight watchers are working on a healthy initiative.nd facebook is again under pressure to close its messenger kids feature. jane king is live at the nasdaq with those stories and more ( jane )good morningchild advocates are urging facebook to shutdown messenger kids immediately.the social networking giant will almost certainly reject the demands. the child consumer groups cite research linking adolescent social media use with depression, poor sleep habits and an unhealthy body image. facebook has said messenger kids does not have advertisements or in-app purchase options, and parents have control over their child's experience within the app.apple may launch a streaming service this spring. 'the information' says it could be ready to go by mid-april.disney and warner media plan to launch a streaming service this year with nbc universial following suit in 2020.kohl's is working with weight watchers.kohl's will test 1,800 square-foot ww studio spaces at a store in greater chicago.that includes hosting the company's workshops on health, we
kohls and weight watchers are working on a healthy initiative.nd facebook is again under pressure to close its messenger kids feature. jane king is live at the nasdaq with those stories and more ( jane )good morningchild advocates are urging facebook to shutdown messenger kids immediately.the social networking giant will almost certainly reject the demands. the child consumer groups cite research linking adolescent social media use with depression, poor sleep habits and an unhealthy body image....
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Jan 11, 2019
01/19
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kohl's up 105%.like disappointing sales to you. >> dick en, best of times, worst of times. "tale of two cities." still very good times for macy's and colds, rest of retail, accelerating price age. 400% over storage, to 150% overstored in bricks and mortars. they're selling retail stocks, instead of picking few of ones that are positive, your points, susan, macy's kohl's, amazon, walmart, costco, bj's, people buying on price and promotion. retailers good at both like those are still winning. stuart: cue the organ music please. we'll talk about sears. they kind of got brought back to life, i think it was a bankruptcy judge a 5 billion-dollar move into sears by eddie lampert. okay. just cut to the chase. when are they going out? >> they should be going out monday. bankruptcy judge, bob drain has really regrettable record of letting the bankruptcy firms others run roughshod over creditors. lampert is lifetime loser. a guy who is negative on same-store sales for 50 consecutive quarters should not be allow
kohl's up 105%.like disappointing sales to you. >> dick en, best of times, worst of times. "tale of two cities." still very good times for macy's and colds, rest of retail, accelerating price age. 400% over storage, to 150% overstored in bricks and mortars. they're selling retail stocks, instead of picking few of ones that are positive, your points, susan, macy's kohl's, amazon, walmart, costco, bj's, people buying on price and promotion. retailers good at both like those are...
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Jan 29, 2019
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kohl's will open up a ww branned studio inside a chicago store and sell their merchandise in store andi don't really understand how this will work >> don't you think it makes sense? one, if you can make your employees healthier, your health care costs go down >> is that what it is about? >> let me just propose this. two, if you can get people in buying now your wellness gear, your athleisure gear, then you are making customers out of the people going to weight watchers. and three if they lose weight, they are going back into buy whole new wardrobes. >> i think it is a great merging of two demographics. s average coal ekohl's customera woman when make s 100 k or more. and weight watchers is speer headed by oprah. >> and i used to be on weight watchers back when it was more of like a sign up and you'd count the points so i don't understand what physical place you need to go to for this and isn't there an element of privacy? i mean other than the fact that i just broadcast it, i don't really want anyone to know > >> mindy grossman, ceo, she is going to wellness here so it is trying to tak
kohl's will open up a ww branned studio inside a chicago store and sell their merchandise in store andi don't really understand how this will work >> don't you think it makes sense? one, if you can make your employees healthier, your health care costs go down >> is that what it is about? >> let me just propose this. two, if you can get people in buying now your wellness gear, your athleisure gear, then you are making customers out of the people going to weight watchers. and...
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Jan 28, 2019
01/19
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when they got to kohl's the suspect had already left.saction appeared from walmart and that's where they found her and alerted a manager. ( darya ) leasha ultimately grabbed her wallet and keys from the woman without a struggle... the police got there to take a report once the suspect was already gone.. offics believe the woman got away with hundreds of dollars in merchandise. ( darya ) coming up in the next hour...pg&e.. cleared by cal- fire for its role in the tubbs fire'. what this means for the lawsuits against the utility company. anking ] the moment you realize your half bath needs your full attention. at lowe's, we'll help you turn the bathroom you have into the one you've always wanted. ♪ ♪ i can do more to lower my a1c. because my body can still make its own insulin. and i t
when they got to kohl's the suspect had already left.saction appeared from walmart and that's where they found her and alerted a manager. ( darya ) leasha ultimately grabbed her wallet and keys from the woman without a struggle... the police got there to take a report once the suspect was already gone.. offics believe the woman got away with hundreds of dollars in merchandise. ( darya ) coming up in the next hour...pg&e.. cleared by cal- fire for its role in the tubbs fire'. what this means...
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Jan 10, 2019
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macy's and kohl's store add weaker a holiday sales and macy stop plunging by 80%, kohl's store plunging by 9% but the target cells were pretty strong and the stock is down by 5% in the early going. there's more pressure in the stock market priming from the government shutdown with 800,000 on unpaid leave fear in the jobless claims report that is counted separately. as far as the jobless claims, down at 702,000. the dow dropping in the s&p down as well. >> thank you jason. >>> it is 6:45 am. >>> let's take a look at what is coming up later on cbs this morning. >> good morning. just ahead on cbs this morning, we are along the us-mexico border before the visit from president trump this afternoon. >>> some of the food you eat may be at high risk because the shutdown has forced the fda to suspend food inspection at some facilities. >>> you may be giving up your privacy by using the popular weather app and one senator is fighting to keep your information safe and hold the tech companies accountable. >>> in the more perfect union series this rare and historic surgery that turns strangers into
macy's and kohl's store add weaker a holiday sales and macy stop plunging by 80%, kohl's store plunging by 9% but the target cells were pretty strong and the stock is down by 5% in the early going. there's more pressure in the stock market priming from the government shutdown with 800,000 on unpaid leave fear in the jobless claims report that is counted separately. as far as the jobless claims, down at 702,000. the dow dropping in the s&p down as well. >> thank you jason. >>>...
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Jan 10, 2019
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we heard from macy's we heard from target we heard from kohl's most of kohl's stores are off mall they saw their sales grow and target, the difference between what they saw and macy's is how profitable those sales were and that was part of macy's problem. they had a number of missteps in the quarter but then missed on really the value of those sales. so basically, selling an item online is more expensive for retailer than a brick and mortar to sell the same item in store even with double digit sales growth, like macy's had and kohl's had and target had but macy's is the biggest sales, you're going to have a problem with profitability and that's part of the problem with the mall >> great point, even as more sales move online, it's costly for some of the retailers. i was simply going to you if macy's is the next sears. >> that's a real reach, i think. macy's is in pretty good shape paying down debt new management has got a strategy that's going to work. i think what we need to do is just take a breath we put a forecast out 5% to 6% top line growth for the holiday season standing by it bu
we heard from macy's we heard from target we heard from kohl's most of kohl's stores are off mall they saw their sales grow and target, the difference between what they saw and macy's is how profitable those sales were and that was part of macy's problem. they had a number of missteps in the quarter but then missed on really the value of those sales. so basically, selling an item online is more expensive for retailer than a brick and mortar to sell the same item in store even with double digit...
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Jan 10, 2019
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still, kohl's shares are down more than 7% held down by action in macy's.arget is reporting the strongest holiday results, comp. sales 5.7%, thanks to strong traffic, and slight up tick in the average transaction. online sales at target grew 29%, with stores fulfilling three-quarters of the digital sales. toys, babies, seasonal gifts, the strongest categories for target and target is maintaining the full year adjusted earnings forecast and sales forecast. still, shares are being pulled lower more than 4% because of what we heard from macy's. master card reported for november and december, total retail sales based on actual spending were up 5%. but clearly it was not the jolliest holiday for everyone in the group. back over to you >> courtney reagan, thank you. for more, bring in former walmart u.s. ceo bill simon on the cnbc news line good morning to you. >> good morning. >> in terms of macy's in the pre-announcement, the fact that you have other retail names trading lower, including target as well, is this something that investors should read through as a
still, kohl's shares are down more than 7% held down by action in macy's.arget is reporting the strongest holiday results, comp. sales 5.7%, thanks to strong traffic, and slight up tick in the average transaction. online sales at target grew 29%, with stores fulfilling three-quarters of the digital sales. toys, babies, seasonal gifts, the strongest categories for target and target is maintaining the full year adjusted earnings forecast and sales forecast. still, shares are being pulled lower...
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Jan 11, 2019
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unlike macy's, kohl's the lower ending of its earnings forecast. targ so far reporting the strongest holid results, with comp sales up almost 6%, thanks to strong shopper traffic. toys, babyif and seasonal gts were target's strongest categories during the holidays. target i holding its previous earnings forecast studies. the good news is analystsay the u.s. consumer is healthy. >> the consumer is fine. they'r all working, their wages are going up, they're fine. the problem is the cost structure in retailing is dramatically going up. >> e-commerce businesses are currentl more expensive t run for retailers that began as physical stores, making online sales less profitable than sales in brick and mortar locations. >> it's a higher cost of doing business today than what it was in the past for every one of these companies. margin flow-through will be the theme of 2019 in the face of what continues to beg a str consumer. >> while mastercard said holiday sales grew 5% overall,he strongest in six years, not evley retai had the jolliest holiday. for "nightl
unlike macy's, kohl's the lower ending of its earnings forecast. targ so far reporting the strongest holid results, with comp sales up almost 6%, thanks to strong shopper traffic. toys, babyif and seasonal gts were target's strongest categories during the holidays. target i holding its previous earnings forecast studies. the good news is analystsay the u.s. consumer is healthy. >> the consumer is fine. they'r all working, their wages are going up, they're fine. the problem is the cost...
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Jan 15, 2019
01/19
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i still don't understand why target and kohl's stocks got killed, except that they reported non-blowout numbers on the same day that macy's truly disappointed i guess people expected stupendous same store sales and that didn't happen kohl's and target are being hurt by a resurgent walmart which is coming in under them in many cases. watch this walmart stock i think it's going to continue to go higher kohl's's unique brand pricing and remember we visited that, they've got the best brands for less target's got great house brands. plus let's not forget that kohl's guided up, not down why else might a big department store like macy's being having trouble attracting customers maybe it's about fun retailers are doing well, and we try to draw conclusions about what that means. i think it's about giving people a chance to have fun in a non-extravagant setting. to me the real take away is that you've got to go category by category when you do that, you realize that retail isn't a losing etf it's a sector with both winners and losers you want to try to make money by picking stocks, you need to be
i still don't understand why target and kohl's stocks got killed, except that they reported non-blowout numbers on the same day that macy's truly disappointed i guess people expected stupendous same store sales and that didn't happen kohl's and target are being hurt by a resurgent walmart which is coming in under them in many cases. watch this walmart stock i think it's going to continue to go higher kohl's's unique brand pricing and remember we visited that, they've got the best brands for...
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is apparently willing to postpone the date on which britain will leave the bloc austrian chancellor kohl said on thursday a quote there is an awareness in great britain that the e.u. is prepared to do everything to avoid also prepared if necessary to postpone the withdrawal date but of course great britain must also want that court said at the world economic forum in davos web bragg's it of course is one of the hottest topics followed by free trade and protectionism political leaders from germany japan and india said that global problems must be tackled multilaterally they are worried that the us china trade spat could harm the world economy germany and other countries have flourished global trade since the end of world war two protectionist measures put in place by more and more countries in danger their business model. and a doubles delegates are trying to rub their heads around the big topics of the future artificial intelligence is becoming a topic of growing importance ai is seen as shaping businesses of the future two for solving problems but there's also concern for example about
is apparently willing to postpone the date on which britain will leave the bloc austrian chancellor kohl said on thursday a quote there is an awareness in great britain that the e.u. is prepared to do everything to avoid also prepared if necessary to postpone the withdrawal date but of course great britain must also want that court said at the world economic forum in davos web bragg's it of course is one of the hottest topics followed by free trade and protectionism political leaders from...
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Jan 10, 2019
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also look at shares of kohl's there are under pressure kohl's raised its outlook but reported a deceleration hit hard down by almost 8.5% to 6403. and target saying holiday sales were up by 5.7% when you combine sales in the store and online. they said there was strong traffic and a slight uptick in the average ticket price that would compare it to 3.4% they say digital sales were up by 29% and they also announced cfo kathy smith will be retiring after her successor is found still target shares are down by 3.8% even though it doesn't seem like there was too much that came as a surprise. >> macy 's . >> where is cramer, is he back >> i don't know. >> is he on today? >> we'll find out. >> he's talking about how this is part of -- he was hearing this stuff. >> the numbers you had been getting were backwards looking. >> he's talking about what the fed doesn't do hopefully we'll talk to him about it. >> when we come back, trump versus the fed with the president unhappy with interest rate hikes we'll speak with one of congress's most ardent defenders. you're watching squawk right here on cnbc >>>
also look at shares of kohl's there are under pressure kohl's raised its outlook but reported a deceleration hit hard down by almost 8.5% to 6403. and target saying holiday sales were up by 5.7% when you combine sales in the store and online. they said there was strong traffic and a slight uptick in the average ticket price that would compare it to 3.4% they say digital sales were up by 29% and they also announced cfo kathy smith will be retiring after her successor is found still target shares...
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in nineteen eighty-four president francois mitterrand and chancellor helmut kohl shook hands and beds are close to the graves of the first world war they wanted to show europe that the worst enemies have become closest of allies. today germany and france continue to meet daily to discuss european policy. they even cooperate militarily on weapons programs and in conflict zones such as in mali it's an alliance that eighty years ago nobody would have thought possible. he never used michele hoffman joins us now live from auckland good morning to both of you max if i could start with you what's in the new treaty again and what will it mean for the u. . but if you read those sixteen pages of the new treaty it reminds you in many ways of the old treaty the treaty of the say because many feel they touch upon our known cultural corporation for example making sure their language skills for the other one across the borders but there are also some interesting new parts for example and hence corporation in the matters of defense and security we just heard that in that report it's extraordinary whe
in nineteen eighty-four president francois mitterrand and chancellor helmut kohl shook hands and beds are close to the graves of the first world war they wanted to show europe that the worst enemies have become closest of allies. today germany and france continue to meet daily to discuss european policy. they even cooperate militarily on weapons programs and in conflict zones such as in mali it's an alliance that eighty years ago nobody would have thought possible. he never used michele hoffman...
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in one nine hundred eighty four president francois mitterrand and chancellor helmut kohl shook hands and very close to the graves of the first world war they wanted to show europe that the worst enemies had become closest of allies. today germany and france continue to meet daily to discuss european policy. they even cooperate militarily on weapons programs and in conflict zones such as in mali . it's an alliance that eighty years ago nobody would have thought possible. years michel like up there and back half and join us now from arc and good morning to both of you max if i could start with you what's in this new trainee and will it make any substantial changes. well many of those who read it the verdict is pretty clear there's not a whole lot more in there than we had in the treaty of beforehand and that's why the money call the french president whom we're expecting here. pretty soon has also said this is a different treaty it's not a treaty of reconciliation as in the past but it's a treaty of convergence and of course many of those elements that you have in there for example for
in one nine hundred eighty four president francois mitterrand and chancellor helmut kohl shook hands and very close to the graves of the first world war they wanted to show europe that the worst enemies had become closest of allies. today germany and france continue to meet daily to discuss european policy. they even cooperate militarily on weapons programs and in conflict zones such as in mali . it's an alliance that eighty years ago nobody would have thought possible. years michel like up...
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Jan 10, 2019
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the likes of macy's, target, and kohl's trading in the red today. after they gave a holiday sales update that came in much weaker than expected. they are also cutting there for your forecast for both targets. they beat their estimates when it came to holiday sales, but kohl's game and way below last year. that is why we are seeing such negative sentiment around the retailers. a quick look at the gainers today and there are stocks that have been black sheep for a long time. up sixlation brands today. also seeing pg&e and the g rising today. -- and ge rising today. shery: thank you. fed chair powell will return to the spotlight to speak in just moments. our bloomberg economic correspondent michael mckee is here. we are seeing them now just take the podium. the fed seems to have turned a little more cautious. chairman powell has told us that the fed is on hold for the time being. i was talking to one market for this -- market participant saying that maybe the best thing for powell today is to not say anything. maybe should take some time off, go away,
the likes of macy's, target, and kohl's trading in the red today. after they gave a holiday sales update that came in much weaker than expected. they are also cutting there for your forecast for both targets. they beat their estimates when it came to holiday sales, but kohl's game and way below last year. that is why we are seeing such negative sentiment around the retailers. a quick look at the gainers today and there are stocks that have been black sheep for a long time. up sixlation brands...
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was a chillier than usual monday night in may 2014 as brandy daniels drove home from her shift at kohl's. you can be off the downtown grid and into wooded rolling hills in just a few minutes and out there in the dark, that's where this 25-year-old single mom was heading, back home to her daughter waiting to be tucked in at brandy's mom's house out in the country where she'd been living lately brandy had been through a rough few months, years, really but one of the reasons things were turning around was that suiti sn voice. her fiance >> i'm a hair stylist. i have been for years. >> one day brandy walked into craig's salon. we hit it off. >> women are very funny about who they will turn their head over to. >> we turned out to be really good friends the most beautiful eyes you ever saw. >> like the song, brandy turned out to be a fine girl for craig and it grew into something more serious. >> touched my heart immediately. it was connection like i never felt that kept getting bigger and bigger every time we talked. we were looking at houses. >> you guys were fixing to marry? >> yeah. >> cou
was a chillier than usual monday night in may 2014 as brandy daniels drove home from her shift at kohl's. you can be off the downtown grid and into wooded rolling hills in just a few minutes and out there in the dark, that's where this 25-year-old single mom was heading, back home to her daughter waiting to be tucked in at brandy's mom's house out in the country where she'd been living lately brandy had been through a rough few months, years, really but one of the reasons things were turning...
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macy's, kohl's, target, all in focus as analysts caution about outlook this year. of course, that shutdown is not helping. joining us now, here at post nine in an exclusive, former jcpenney ceo and former head of apple ceo, ron johnson, who currently runs enjoy.com great to see you here on set >> great to be here. >> after strong 2018 for retail sales, caution flags pop up. you think that's the case for 2019 >> i totally agree and it happened about mid-november and you think, here, guided up november 14th. two months later, the stock's off nearly 40% he's a smart guy things changed and that those would be external, not internal the company's merchandise didn't change stock market dropped 10% a huge impact, especially eastern seaboard tariffs, cost structure, how do i manage that? shutdown huge impact, nearly 20% of people work for the government, but even if you're working for the government and getting paid, you're sympathetic you're not sure. you become uncertain so a company like macy's highly exposed on the eastern seaboard, 25% of the stores, d.c. to boston, 3
macy's, kohl's, target, all in focus as analysts caution about outlook this year. of course, that shutdown is not helping. joining us now, here at post nine in an exclusive, former jcpenney ceo and former head of apple ceo, ron johnson, who currently runs enjoy.com great to see you here on set >> great to be here. >> after strong 2018 for retail sales, caution flags pop up. you think that's the case for 2019 >> i totally agree and it happened about mid-november and you think,...
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emma: we heard from target, kohl's, all of them doing poorly in the market today.get interestingly beat expectations for its holiday sales. it beat last year's cop that is being dragged down as other retailers do poorly. analysts are concerned that because they didn't provide any color around earnings-per-share, the stronger than expected sales may have come at the expense of margins. , they didn'tkohl's beat last year's sales. comp sales for the season beat estimates, they tightened their eps forecast for the full year. but still, from a number of analyst notes i'm reading, is that this is perhaps as good as it gets in retail. that is what jason is saying. amanda: emma chandra, thank you. it is time for the bloomberg business flash. eddie lampert has raised his bid to keep the retailer in business. his hedge fund has made an offer of more than $5 billion to cover severance for workers and bills from suppliers. sears is on the verge of liquidation after the rejection of an earlier offer lampert. the partial u.s. government shutdown could delay two of the most antic
emma: we heard from target, kohl's, all of them doing poorly in the market today.get interestingly beat expectations for its holiday sales. it beat last year's cop that is being dragged down as other retailers do poorly. analysts are concerned that because they didn't provide any color around earnings-per-share, the stronger than expected sales may have come at the expense of margins. , they didn'tkohl's beat last year's sales. comp sales for the season beat estimates, they tightened their eps...
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kohl's, nordstrom, target all under pressure so is this just a macy's problem or is this a bigger warning about a weak consumer, guy >> down 17% says it's macy's specific, but i don't think it is tim talked about it a couple of days ago department stores have not figured it out i think a lot of us have thought maybe they have gotten to the other side of the mountain clearly they haven't made it there. down 17% is a ridiculous move. the thing that makes me think maybe the consumer is still out there is the fact that on a day like today when mastercard had every reason to sell off, it was actually up half a percent i'm still in the camp that says the u.s. consumer will always spend money, but it doesn't mean they should be spending money. quite frankly, with consumer debt to gdp close to 60%, that poses a problem, especially if interest rates are going to go higher that's another conversation. >> plus with a weak stock market, the consumer actually acts weak. but let's remember, macy's is a mall play. kohl's and target have stand-alon stand-alon stand-alones >> some happened between black f
kohl's, nordstrom, target all under pressure so is this just a macy's problem or is this a bigger warning about a weak consumer, guy >> down 17% says it's macy's specific, but i don't think it is tim talked about it a couple of days ago department stores have not figured it out i think a lot of us have thought maybe they have gotten to the other side of the mountain clearly they haven't made it there. down 17% is a ridiculous move. the thing that makes me think maybe the consumer is still...
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movement is bull tales to cities all across france for an eleventh weekend and drive protest as defiance kohlsfront president nixon to negotiate and when that riot police with clowns control missis. protesters actually set fire just in the distance a sorry a short that sarah covered in scaffolding and that is one of the reasons they're trying to push through you can see that they've been moving these barricades here these here removing these away exists also work and going at the moment here at the bassy trying to move it to create what seemed to be barricades again and then setting those all on fire as you can see very separate just coming down from all angles of the crowds here water cannons have now been brought in to try and deal with this situation you can see more security forces there just behind us that the firm smashed. the bus that's all going down really is coming into quite curious we've just seen some people injured including one of our colleagues in roughly looks like he's received an injury as a result of why it's so humid the projectiles being thrown up from the protesters from
movement is bull tales to cities all across france for an eleventh weekend and drive protest as defiance kohlsfront president nixon to negotiate and when that riot police with clowns control missis. protesters actually set fire just in the distance a sorry a short that sarah covered in scaffolding and that is one of the reasons they're trying to push through you can see that they've been moving these barricades here these here removing these away exists also work and going at the moment here at...
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Jan 13, 2019
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the stock dropped more than 17% on thursday in response, but macy's isn't alone rivals kohl's and j.p expected holiday sales numbers and amazon announced record breaking sales with more than 1 billion items shipped free in the u.s. leading up to christmas day. in the view of some critics traditional department stores are continuing to follow a 19th century model while shoppers today want 21st century amenities such as value, entertainment and services, we see another iconic brand sears facing the threat of liquidation after it failed to respond to changing times so will macy's and long established stores find their footing or simply end up like another 19th century classic, the horse and buggy? well that's it for us this week, i'll be back next week, with more in depth interviews here on the wall street journal at large thank y welcome to "the journal editorial report." president trump traveled to texas thursday, making his case for a border wall amid a protracted funding fight with democrats that has closed a quarter of the federal government and furloughed 800,000 employees. the pre
the stock dropped more than 17% on thursday in response, but macy's isn't alone rivals kohl's and j.p expected holiday sales numbers and amazon announced record breaking sales with more than 1 billion items shipped free in the u.s. leading up to christmas day. in the view of some critics traditional department stores are continuing to follow a 19th century model while shoppers today want 21st century amenities such as value, entertainment and services, we see another iconic brand sears facing...
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kohl's saw its holiday sales grow similar to macy's and it increased part of its forecast. lulu lemon, american eagle and tillie's saw among the strongest sales growth. while men'snd warehouse joseph a. bank reported a drop in holiday sales along with j.c. penneynd a express. it's still hard to know how the out.on averaged for "nightly business report," i'm courtney reagan in new york eity. >>> and before go, a final look at this day on wall street. of course affected by tha historic brexit vote in the uk, the dow added 155 pointh. nasdaq was up 117, led higher by netflix, by the wat on t price increase. and the s&p 500 rose by 27. of course it would be very interestingo see how the european markets respond tomorrow to the brexit vote. wet may have t no-confidence vote in parliament as well. so another historic day could b in theffing tomorrow as well. >> and we will be here to cover it all for you. that does i for "nightly business report" tonight. i'm sue herera, thanks for joining us. >>if'm bill th. have a great evening. we'll see you >> this is "bbc world news america.
kohl's saw its holiday sales grow similar to macy's and it increased part of its forecast. lulu lemon, american eagle and tillie's saw among the strongest sales growth. while men'snd warehouse joseph a. bank reported a drop in holiday sales along with j.c. penneynd a express. it's still hard to know how the out.on averaged for "nightly business report," i'm courtney reagan in new york eity. >>> and before go, a final look at this day on wall street. of course affected by tha...
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services for hirsch mcshane will be held later this week in doll kohl, the state where he grew up. a memorial service for him is expected to be held here in san francisco at a later date. reporting live in san francisco, jean elle, nbc bay area news. >> thank you, jean. we're tracking a story out of houston where f rt suspected drug dealer. we first brought you the story as breaking news at 5:00. the officers got a tip that black tar heroin were being sold at home. they went to serve a search warrant. they didn't know someone on the other side of the door had a gun. >> we're not sure how many suspects fired at this time. i imagine it was a pretty chaotic scene over there. the investigation is unfolding. >> the chief does confirm that two suspects were killed and that drugs were found inside. four officers were shot and a fifth suffered a knee injury. >> this just into our newsroom. a warning from vallejo police. a man tried to convince a girl to get into this van. this all happened last wednesday morning outside of franklin middle school. the girl didn't fall for it and actually ra
services for hirsch mcshane will be held later this week in doll kohl, the state where he grew up. a memorial service for him is expected to be held here in san francisco at a later date. reporting live in san francisco, jean elle, nbc bay area news. >> thank you, jean. we're tracking a story out of houston where f rt suspected drug dealer. we first brought you the story as breaking news at 5:00. the officers got a tip that black tar heroin were being sold at home. they went to serve a...
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at the offices of the taiwanese government spokesperson kohl last year tucker says more can be done to regulate all political groups while most endangered. but even before changes to legislation police have started to act in early august they raid the offices of another fringe party the china unification promotion party and the home.
at the offices of the taiwanese government spokesperson kohl last year tucker says more can be done to regulate all political groups while most endangered. but even before changes to legislation police have started to act in early august they raid the offices of another fringe party the china unification promotion party and the home.
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inviting eighty four president francois mitterrand and chancellor helmut kohl shook hands and bad are close to the graves of the first world war they wanted to show europe that the worst enemies have become closest of allies. today germany and france continue to meet daily to discuss european policy. they even cooperate militarily on weapons programs and in conflict zones such as in mali. it's an alliance that eighty years ago nobody would have thought it possible. and with me to talk more about this is deja vu political correspondent hans frank good morning hans the cornerstone of this new treaty said to be signed in a couple of hours is a joint eve foreign and security structure can sketch for us what that could look like well france and germany of building the cole constructing a call for those the e.u. structure at the moment there's obviously only concerns france and germany and what they have agreed on is a further cooperation in military matters for instance coordination of their security policy coordination of their expenses coordination of the all moments industry and a very
inviting eighty four president francois mitterrand and chancellor helmut kohl shook hands and bad are close to the graves of the first world war they wanted to show europe that the worst enemies have become closest of allies. today germany and france continue to meet daily to discuss european policy. they even cooperate militarily on weapons programs and in conflict zones such as in mali. it's an alliance that eighty years ago nobody would have thought it possible. and with me to talk more...
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then goes on to survive a vote of no confidence that's likely to be called by labor leader jeremy kohl been in the days ahead well then she's got to come back on monday next week and off the parliament her plan b. well there's no plan b. that anyone knows about being discussed to cabinet doesn't know she means to do next that could involve rushing off to brussels to ask for fresh concessions there possibly to put this deal to a revote at that point i'm pleased with themselves of the opportunity to we appear to have lost a whole van and we will return to him missing as we can but for the last few days to me is i'm a has been lobbying to get have it pasta today that's out of this and to what she said yesterday. people will look at the decision of this house tomorrow and ask did we deliver on the country's vote to leave the european union. did we safeguard our economy our security and our. or did tween let the british people down. we should deliver for the british people and get on with building a brighter future for our country five years deal tomorrow and then this statement to the hous
then goes on to survive a vote of no confidence that's likely to be called by labor leader jeremy kohl been in the days ahead well then she's got to come back on monday next week and off the parliament her plan b. well there's no plan b. that anyone knows about being discussed to cabinet doesn't know she means to do next that could involve rushing off to brussels to ask for fresh concessions there possibly to put this deal to a revote at that point i'm pleased with themselves of the opportunity...
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in nineteen eighty-four president francois emitter all and chancellor helmut kohl shook hands and very darn close to the graves of the first world war they wanted to show europe but the worst enemies have become closest of allies. today germany and france continue to meet daily to discuss european policy they even cooperate militarily on weapons programs and in conflict zones such as in mali. it's an alliance that eighty years ago nobody would have thought it possible. let's talk about where this alliance is headed with me in the studio now as leader of you political correspondent good morning what's the cornerstone of this new treaty is the joint foreign and security policy that that is being focused on right now can you sketch for us what is i can tell you well obviously france and germany have always considered themselves as the driving engine of e.u. integration of the european union as a whole and at the moment there's been a lot of discussion about the european union needing to. in a sense basically form its own army because the reason for that is that the nato is not working so
in nineteen eighty-four president francois emitter all and chancellor helmut kohl shook hands and very darn close to the graves of the first world war they wanted to show europe but the worst enemies have become closest of allies. today germany and france continue to meet daily to discuss european policy they even cooperate militarily on weapons programs and in conflict zones such as in mali. it's an alliance that eighty years ago nobody would have thought it possible. let's talk about where...
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when helmut kohl was chancellor his defense minister rupert shots of the christian democratic union was a member of the federal security council professor knows the legal and political ramifications of exports. it's a grey area here's one example. to saudi arabia intended for police border controls that has nothing to do with the military or military purposes however if the intention is to deploy them for military purposes they do need approval according to legislation governing the weapons of war in other words it's a grey area. grey area the should be no question of expo. to saudi arabia for the war in yemen. arms can be used or intended for use in wars of aggression or for measures that would disturb the peace as the law stipulates then the federal government is duty bound to refuse to approve their export time the german economic ministry has to say about the bomb sold by iran mittal the matter you describe the assumption is that the export of arms took place from italy in this regard german law pertains to exports from germany very easy for the german authorities to say these parti
when helmut kohl was chancellor his defense minister rupert shots of the christian democratic union was a member of the federal security council professor knows the legal and political ramifications of exports. it's a grey area here's one example. to saudi arabia intended for police border controls that has nothing to do with the military or military purposes however if the intention is to deploy them for military purposes they do need approval according to legislation governing the weapons of...
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stories this venezuela has rejected an ultimatum by spain germany france and britain the nicolas maduro kohl elections within eight days old el recognize opposition leader. as president the u.s. has been urging world leaders to isolate the madeira government at a special session of the u.n. security council. thirty four people have now been confirmed dead in brazil after the collapse of a holding waste from an on all mine rescue workers is searching for hundreds still missing. and six days of talks between the united states and the afghan taliban have ended with a promise of further if to further discussions washington's envoy is now heading to afghanistan to meet the government in kabul. the u.n. human rights investigator looking into the matter of genest melkus has sort of access to the crime scene in the saudi consulate in istanbul i guess kalama has also asked to visit the kingdom but it's hasn't had a reply from saudi authorities tell about his the un special rapporteur on executions is set to arrive in turkey on monday she says inquiry is a crucial step towards formal accountability fo
stories this venezuela has rejected an ultimatum by spain germany france and britain the nicolas maduro kohl elections within eight days old el recognize opposition leader. as president the u.s. has been urging world leaders to isolate the madeira government at a special session of the u.n. security council. thirty four people have now been confirmed dead in brazil after the collapse of a holding waste from an on all mine rescue workers is searching for hundreds still missing. and six days of...