Last week, retail earnings were in focus with disappointing results from Macy's (M) , J.C. Penney (JCP) , Nordstrom (JWN) and Kohl's (KSS) . Macy's posted a 5.2% fall in same-store sales year-over-year, J.C. Penney reported a narrower-than-expected quarterly loss, but revenue missed estimates. Nordstrom topped earnings estimates on both the top and bottom lines, but same-store sales declined. Kohl's posted a rise in year-over-year quarterly profit but same-store sales dropped.
The bloodbath in retail comes as competition from online retail behemoth Amazon (AMZN) continues to ramp up.
TheStreet breaks down 10 things we learned from this week's shows with Jim Cramer.