The nation’s leading off-price retailer reported better-than-expected sales in its first quarter fueled by a strong performance from T.J. Maxx and Marshalls.
Kohl’s posted a strong performance in its first quarter amid improved inventory management and ongoing efforts to improve store traffic and court millennials.
The departure of Marvin Ellison from JCP could not have come at a worse time for the beleaguered department store chain -- which is one of the few US retailers to have struggled over the first quarter.
Investment in retail assets plummeted by 46% in the first half of 2018, but JLL predicts a second-half comeback that should end up surpassing last year’s investment increases.