Kohl's Corp slashed full-year profit forecast after the department store op...
The sign outside a Kohl's store is seen in Broomfield, Colorado February 27, 2014. REUTERS/Rick Wilking
Sales at stores open for at least a year fell 3.4%, the first drop in seven quarters, and were below the average analyst estimate of a 0.15% dip, according IBES data from Refinitiv. “We are planning the year more conservatively,” Gass said, adding that it was “actively addressing” the causes for weak first-quarter sales.
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