Kohl’s got off to a slow start in its first quarter, reporting its worst showing in same-store sales in three years and lowering its annual earnings guidance by more than 10%.
The Home Depot reported first-quarter earnings that beat analysts’ expectations even as its same-store sales slowed amid unfavorable weather and falling lumber prices.
Going into this quarter, expectations for J.C. Penney were incredibly low – and the company has delivered squarely against them with another dire set of numbers.