Big Retailers’ Sales Lag as They Gird for Tariffs - News Summed Up

Big Retailers’ Sales Lag as They Gird for Tariffs


The retail industry is undergoing another major shift -- to e-commerce. How did we get here? Photo: Associated PressSales at several major chains slowed during the latest quarter, clouding the outlook for the retail sector as it braces for the impact of higher tariffs on merchandise imported from China. Kohl’s Corp., J.C. Penney Co., and Nordstrom Inc. reported declines on Tuesday, while Home Depot Inc. posted a weaker-than-expected 2.5% rise in comparable-store sales.


Source: Wall Street Journal May 21, 2019 12:55 UTC



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