A strong U.S. economy and robust consumer spending weren’t enough to boost holiday sales at many department stores and mall-based chains, as Americans continue to shift their purchases online and to other retailers.
J.C. Penney Co., Kohl’s Corp. and Victoria’s Secret parent L Brands Inc. all reported lower sales in the critical months of November and December. All three companies entered the holiday season on weak footing, with falling sales as they lost orders to Amazon.com Inc. as well as traditional rivals such as T.J....
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January 09, 2020 at 09:35PM
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J.C. Penney, Kohl’s Post Lower Holiday Sales - Wall Street Journal
"sales" - Google News
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