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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



DAY BEFORE YESTERDAY, China:
A Chinese holiday in which people travel abroad brought shoppers to The Dubai Mall.
Oct 18, 2018, United Kingdom:
The retailer announced the cessation of operating activities in three markets at once.
Oct 16, 2018:
Sears plans to close by the end of the year 142 retail properties in addition to the previously closed 46.
Oct 5, 2018, USA:
Fashion retailer set to open at four properties, further diversifying their mix of offerings and bringing new concepts.
Oct 1, 2018, USA:
There is a new pop-up store to be opened to the public inside City Point Shopping Complex.
Sep 27, 2018, Sweden:
Mölndal Galleria opens today and it's the first new shopping center in the Greater Gothenburg in over 12 years.
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