Last week ended with a small sliver of good news on the battered economic scene.
After a brutal stretch — when the coronavirus shutdown exploded into a fit of rage over institutional racism in America — last week ended with a small sliver of good news on the battered economic scene.
The quarterly updates from fashion companies so far have been mostly tough reading and shown intense financial strain. TJX Cos. Inc., Kohl’s Corp. and Nordstrom Inc. each recorded first-quarter net losses of more than $500 million . • Macy’s Inc. releases a more-complete take on its quarter on Tuesday and could give an update on its refinancing efforts.
• Signet Jewelers Inc., Movado Group Inc., Chico’s FAS Inc., Guess Inc., Oxford Industries Inc. and Christopher & Banks Corp. all weigh in with quarterly results as well. And while there has been some progress on the job front, the employment market is still a long way from reaching its new normal.
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