Macy’s woes continue. Macy’s Inc. posted a first-quarter profit of $71 million compared with $116 million a year ago. Sales at stores open for a year or more declined more than expected. “Don't count us out, we’re not dead,” said finance chief Karen Hoguet. https://www.wsj.com/articles/macys-continues-to-feel-the-retail-pinch-1494506154
Kohl’s Corp.’s sales slump. The company’s quarterly sales decline of 3.2% outpaced its 2.3% inventory decline. Its low sales decline in March and April wasn’t enough to offset its decline in February. https://www.wsj.com/articles/falling-sales-mean-tougher-fixes-at-department-stores-1494527001
U.S. jobless claims fell to 236,000 last week. Initial jobless claims across the U.S. decreased to a seasonally adjusted 236,000 in the week ending in May 6, the Labor Department said. This could indicate steady job creation. https://www.wsj.com/articles/u-s-jobless-claims-fell-to-236-000-last-week-1494506231
So Brick & Mortar looses once again, but there is steady job creation?