Kohl's is a mess in more ways than one
CNN
Kohl's can't seem to catch a break, and it may have only itself to blame.
The department store chain on Thursday presented a dour outlook for 2022, saying it expects full-year sales to fall 5% to 6% compared to a year ago and blaming high inflation for preventing shoppers — specifically its middle-income consumers — from spending more at its stores. The company also reported a drop in sales and profit for the quarter ended July 30.
Kohl's shares were down more than 4% in morning trading.
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