Tuesday, December 17, 2019

Deep discounting is running rampant before Christmas

Yahoo Finance
A shopper gushed over the weekend about a $5 flannel shirt she scored at Kohl’s a few days earlier. It was marked down several times, much like most other apparel at my mother’s favorite store, she noticed.

Ultimately what’s good news for my mom’s wallet during her holiday spending travels is likely to be bad news for Kohl’s come fourth quarter earnings report day sometime in March 2020. And Kohl’s probably won’t be alone — after a strong start to the holiday shopping season on Black Friday, apparel retailers of all kinds have been swept up into a profit-busting discounting vortex. . . . more