Giants In Decline: Macy's And Kohl's Disappointing Guidance

| About: Macy's Inc. (M)

Summary

Department sales compared to retail have been in steady decline for 20+ years.

Kohl's and Macy's have been crushed today.

Black Friday sales were not enough to prevent depressing guidance.

Senior Equity Analyst Ben Nye jumpstarts the new year by analyzing a couple of disappointing retail giants. He discusses two giant retailers, Macy's (NYSE:M) and Kohl's (NYSE:KSS). Both had great Black Friday sales, but still reported declining guidance. They have not been able to keep up with other market trends as department sales have been in decline relative to retail sales for a couple of decades. Online shopping is taking the cake.

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Disclosure: I am/we are long TJX.

I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

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