Big Retailers’ Sales Lag As They Gird for Tariffs

“Sales at several store chains slowed during the latest quarter, clouding the outlook for the retail sector as it braces for a significant increase in tariffs on goods imported from China. Sales at Kohl’s Corp. KSS -12.34% , J.C. Penney Co. JCP -6.96% , Nordstrom Inc. JWN 1.04% and Home Depot Inc. HD 0.26% weakened as they experienced a slower start to the year. Comparable sales fell 3.4% at Kohl’s, and were down 5.5% at Penney. Both retailers missed analysts’ expectations for the quarter, which ended on May 4. Nordstron’s net sales fell 3.5%.”

Big Retailers’ Sales Lag As They Gird for Tariffs
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