Tuesday, November 20, 2018

Kohl's raised profit view misses estimates, shares slip

Reuters
Department store operator Kohl’s Corp forecast full-year earnings largely below estimates, a dire signal ahead of the all-important holiday shopping season, sending its shares down 8 percent on Tuesday.

Retailers are hoping that the upcoming shopping season will help rekindle sales after years of declines because of intense competition from online rivals.. . . more