Kohl’s reports 4.4% drop in revenue for first quarter of FY22
The retailer expects net sales of between 0% and 1% for the full year.
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Department Stores
Target reports 4.0% revenue growth for first quarter of FY22
The retailer anticipates revenue growth in the low to mid-single digits for the full year.
Dillard’s registers $1.61bn in sales for first quarter of FY22
The retailer expects its capital expenditures for the full year to be $150m.
Macy’s to open 37 Backstage stores-within-stores across US
Macy’s Backstage stores-within-stores occupy 11,000ft² to 16,000ft² of retail space.
John Lewis reports total partnership sales up 1% YoY in 2021
A bonus of 3% has been to be awarded to its staff, equivalent to 1.5 weeks’ pay.
TJX sells stake in Russian retailer Familia amid Ukraine crisis
Familia operates a network of more than 400 stores across Russia.
Nordstrom registers 38% growth in full-year revenue for FY21
The retailer expects its FY22 revenue to grow by between 5% and 7% year-on-year.
Dillard’s reports 29% rise in fourth-quarter net sales for FY21
The company reported a full-year profit of $862.5m, having registered a $71.7m loss a year earlier.