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Stock impact report

With Saks' bankruptcy, Macy's has some wind at its sails [CNN]

Kohl's Corporation (KSS) 
Last kohl's corporation earnings: 3/3 07:00 am Check Earnings Report
US:NYSE Investor Relations: corporate.kohls.com/investors
Company Research Source: CNN
Death came for Barneys, for Lord & Taylor, for Neiman Marcus (twice) and, finally, for Saks Global, which filed for bankruptcy protection late Tuesday. Surely, it's only a matter of time before it knocks on Macy's door? Maybe. There is another way this transitional phase in retail could play out — one in which Macy's and its higher-end subsidiary, Bloomingdale's, manage to continue defying the doom forecasters by focusing on — don't laugh! —fundamentals. It turns out that focusing on running a good business might be the thing that customers like. With Saks sidelined, its biggest rival, Bloomingdale's, has room to run. Over the past year, as Saks reportedly struggled to pay vendors , Bloomingdale's has already captured some of its competitor's business. Bloomingdale's is well-positioned to keep that up as Saks wends its way through the bankruptcy process, especially if Saks and Neiman Marcus stores close or run short of inventory, retail analyst Neil Saunders told CNN in an e Show less Read more
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