Retailers Struggle in First Quarter

The video discusses the recent performance of major retailers like JCPenney, Kohl's, and Home Depot. While some beat earnings expectations, they faced challenges such as weather impacts and missed sales targets. Kohl's experienced a notable sales decline, contrasting with Walmart and Macy's performance. The discussion highlights the looming threat of tariffs, affecting a significant portion of USA apparel imports from China. Retailers, including Home Depot and JCPenney, are adjusting their guidance due to these tariffs, with over 170 retailers expressing concerns to the President about potential business impacts.

Which retailer experienced a sales decline due to a wet spring?

• TJX

• Home Depot

• Kohl's

• JCPenney

What was the percentage drop in Kohl's sales that surprised analysts?

• 5.1%

• 3.4%

• 2.5%

• 4.0%

Which two retailers were compared to Kohl's in terms of sales performance?

• Target and Best Buy

• Walmart and Macy's

• Costco and Sam's Club

• Nordstrom and Sears

What percentage of USA apparel imports come from China?

• 50%

• 40%

• 33%

• 25%

How did retailers express their concerns about tariffs to the President?

• Through a press conference

• By organizing a protest

• Through a social media campaign

• By writing an open letter