Bloomberg Intelligence
Boeing Deliveries Trail Airbus
Mar 12, 2024
Boeing's challenges impact airlines, CPI report insights, Oracle's cloud evolution, retail strategies, and industrial sector opportunities are discussed in this podcast episode.
45:10
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Quick takeaways
- Kohl's predicts a significant income drop from credit card fees, offset by revamping merchandise assortment.
- Introduction of popular brands like Nike and Sephora drives Kohl's performance in evolving retail landscape.
Deep dives
Kohl's Facing Margin Challenges Due to Consumer Financial Bureau Ruling
Kohl's stock faced a 2.6% decline as the operating margin forecast for the year trails consensus estimates. The new ruling by the Consumer Financial Bureau capping late fees on credit cards to $8 is expected to impact department stores, including Kohl's. The company anticipates a mid-teen decrease in income from the credit card portfolio, estimated at around $135 million. While a co-branded card may offset the loss in income from 2025 onwards, the ruling is putting pressure on Kohl's margins.
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