Thursday, January 9, 2020

Kohl’s shares tank on dismal holiday sales results, lowered outlook

Kohl’s said same-store sales during November and December fell 0.2% due to weakness in its core women’s apparel business, leading it to lower the bar for its full-year outlook.

Kohl’s has been expected by analysts to deliver same-store sales growth during the fourth quarter, which includes the holiday season, of 0.4%. . . . more