Thursday, January 10, 2019

Kohl's stock sinks after holiday-period same-store sales growth decelerates

Kohl's Corp. raised its full-year profit outlook but reported a deceleration in holiday-period sales growth. Same-store sales for the November-to-December period rose 1.2% from a year ago, compared with growth of 6.9% in the same period last year.

The company said digital sales grew in the double-digit percentage range.. . . more