American retailers yesterday laid bare the rising pressures of the Sino-American trade war and online competition in second-quarter sales figures that fell short of forecasts. Although results from TJX, owner of the discounter TK Maxx, and Kohl’s, the department stores chain, prompted share price falls for both companies, shares in Home Depot rose after it exceeded analysts’ profit expectations. Home Depot, the world’s largest DIY retailer valued at $235 billion, blamed the US-China trade dispute for a prediction of full-year comparable sales growth of 4 per cent, down from previous guidance of 5 per cent, and full-year revenue growth of 2.3 per cent, down from 3.3 per cent. Its profit for the three months to August 4, its second quarter, dipped from $3.51 billion to
US retailers have cited the US - China trade war for under - performing sales figures . retail Depot has lowered expectations for full - year comparable sales growth from 5 % to 6 % and full - year revenue growth to 2.3 % from 3.3 % , blaming the ongoing dispute . Its Q2 profit fell from $ 3.51bn to $ 650 , while revenue increased from $ 30.46bn to $ 30.84bn . mac Maxx - branded retailers reported Q2 comparable sales growth of 2 % , which was 1 % below predictions . Kohl 's has also said it has been hit by tariffs on Chinese imports and has published below - expected comparable sales .