I am recommending the sell of the retailing sector. Why? The reason is simple, no one is buying anything right now. When was the last time you heard of a friend, neighbor, or colleague bought a new car? I tell you that it is obvious all over America (if not the world) put discretionary spending on perma hold a couple of weeks ago. You can rest assured that there isn't a retailer in America (even Walmart) that will have a great quarter.
Ever since Bush went on prime time consequences..... the retail market has come to a screeching halt that is only slightly less frozen than the cr
I have been following KSS for quite some time in the Trade Report. Retail, and KSS specifically, caught my eye as a bottom accumulation setup in early to mid July. The volume on the bounce gave clues that the bounce could lead to a continuation move.
Since that time, we have had two good setups. The first was on the break of the 50 day moving average. The second was on the pullback of the recent
TheStreet.com's Jim Cramer says lower gas prices mean the numbers are too low.
People are missing this retail move. They are missing it because the market is deciding right now that the guidance companies are giving is just plain wrong given the $3.50 at the pump (although premium's a lot more expensive). They are also recognizing that the strong are surviving and thriving and taking share in a radica...
5/16 - "Private-brand apparel retailer Kohl's (NYSE: KSS) continued to struggle mightily during its first quarter. I know this is sounding like a broken record, following the company's dreadful fourth quarter, but when consumers are feeling the pinch, retailers selling discretionary items such as apparel and home furnishings are bound to suffer."
"Total sales grew 1.5% on the strength of 123 more stores being open this year than last. But comparable-store sales slipped by 6.7% -- the third (and worst) quarter in a row of negative comps for the company...The company issued guidance in line ...
On August 12, 2006, I posted Kohl's (KSS) on Stock Picks Bob's Advice when the stock was trading at $60.76/share. KSS closed at $45.05 on February 22, 2008, for a loss of $(15.71)/share or (25.9)%.
On February 7, 2008, Kohl's announced January same-store sales results and reported a decline of (8.3)% from the year-earlier period. Overall sales declined (20.4)% from last year. With the disappointing sales results, the company announced that the quarter's results "to be at the low end of our guidance of $1.30 to $1.34 per diluted share."
Looking for the bottom?....Keep looking.
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About Kohl's Corp.
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