It has been another volatile earnings season for retailers, with stocks making big after-hours moves following their reports. Mall-based retailers J.C. Penney and Nordstrom plunged 7% and 9%, respectively. Kohl’s tanked 12%—bad, but not nearly as bad as Ascena Retail Group, owner of women’s retailers Ann Taylor, Loft, and Dressbarn, which fell a whopping 28%, or Tailored Brands, which fell 25%. Meanwhile, Target and Walmart celebrated happy divergences from the pack, as their shares jumped 7.8% and 1.4%, respectively.
Source: Wall Street Journal May 28, 2019 11:26 UTC