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Nasdaq: Red flags raised on retail earnings reports



Retail reports attract a lot of attention as consumer spending is very important when assessing the overall economy.
Some of the large retailers, such as Wal-Mart, were ready to report earnings last week. The results were a mixed bag, but the results offered investors sufficient to be cautiously optimistic, Nasdaq says.

Wal-Mart reported losses on both top and bottom lines. It showed earnings per share of $1.10 and revenues of $114.96bn. The consensus reached EPS of $1.14, on $116bn revenue. The company’s EPS forecast is $1.15 to $1.25 which is under the $1.28 forecast by analysts.

Kohl has also shown disappointing figures for its last quarter.

Nordstrom has shown an increase in earnings. It showed EPS of $0.72. Its revenues increased by 6.5%, while same-store sales increased 3.9% to the same period last year.

JWN stock is currently trading at a 52-week high since the publication of the report.

Consumers are still showing caution and this may affect many retailers.

It is recommended that a bearish approach to the market should be taken. Hedging and diversification is the order of the day on retailers right now.


More about shopping malls in the USA



Aug 15, 2018, Finland:
Mall of Tripla introduces fashion enthusiasts to five shops making their first move into the Nordic region.
Aug 9, 2018, United Arab Emirates:
Dubai Holding, Emaar launch new ‘tech-driven’ mall, nearly double the size of Dubai Mall.
Aug 8, 2018, USA:
Scottsdale Fashion Square to be the first property to open Industrious coworking location.
Aug 7, 2018, Italy:
Apple Piazza Liberty opened in Milan to thousands of customers with new retail store design.
Aug 1, 2018, USA:
The first Microsoft mirror appeared in the flagship store H&M on Times Square in New York.
Jul 27, 2018, United Arab Emirates:
The theme park is the part of the large-scale development of Yas Island in Abu Dhabi.
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