Last night concluded the Q1 earnings season for a majority of the key retailers. For many of those retailers, Q1 was one to forget. Some of the data points I was left with:

Nordstrom Full Line and Nordstrom Rack posted the worst negative comps since the depression at -5.1% and -0.6% respectively.
Kohls surprised many with a -3.4% comp (first negative since Q2 2017) and now saying there will be negative earnings growth for the full year.
Ross and Burlington posted slowing comps versus previous quarters.

With all of that said, there was some positive news:

Costco remains on fire posting the 5th consecutive month of >7.0% comp in the US.
Walmart and Target both posted respectable increases of 3.4% and 4.8% respectively.
TJ Maxx remains hot with 4th consecutive quarter of >6.0% comp.
Dollar Stores continue to gain share with 2.5-4.0% comp increases.

The trends continue. Department Stores losing share to the mass, off price and dollar stores continues with the data showing there is no slowing to the shift.