EFTA00032804.pdf

Type: pdf
Source set: data-set-8
Extracted text

From: The Bloomberg Close <noreplygmail.bloombergbusiness.com> 
To: <I 
Subject: Consumer alerts 
Date: Tue, 19 Nov 2019 22:07:19 +0000 
Bloomberg 
Good afternoon. Here's what you need to know to end your day. 
• The retail mood turned sour on dreary earnings. 
• People listening in on Trump's Ukraine call said things weren't right. 
• Want a raise? Move to Texas. 
Home Depot and Kohl's posted disappointing results, raising doubts 
about whether American consumers can keep up the spending as the 
holiday season approaches. 
• Home Depot's weak performance—comp sales grew 3.6% last 
quarter versus the 4.6% consensus—was all the more surprising 
since the company had told investors that the second half of the year 
would be better. Same-store sales have now trailed projections for 
three straight quarters 
• At Kohl's, that metric increased 0.4% in the third quarter, half of 
what analysts expected. The retailer now says profit ex-items will be 
$4.75 to $4.95—with the new top of the range 50 cents below the 
previous outlook 
• Urban Outfitters reported same-store sales of 3%, which topped 
the Consensus Metrix estimate but was down from 8% a year ago. 
Comparable sales at its chains—Urban Outfitters, Free People and 
Anthropologie—all missed. Shares fell more than 10% in late trading. 
• And then there was Macy's, which doesn't report until Thursday. It 
fell 11% after confirming some customers were exposed to a data 
hack while shopping on its website last month. 
• TJX had a better day. Shares rose on what MKM's Roxanne Meyer 
called a "high quality" quarter. She believes the T.J. Maxx and 
HomeGoods owner will continue to benefit from exceptional 
products, effective marketing and new customer growth. 
EFTA00032804


• Stocks ended the day mixed as investors weighed the retail 
data against new developments in the trade saga. 
The second week of public impeachment hearings began with two 
witnesses saying that Trump's Ukraine call was inappropriate. 
• Lieutenant…
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