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Published 2 years ago

Stung with soaring inflation, Kohl's cuts annual forecast

Summary by Ground News
Sales at stores opened at least year, a key measure, dropped 5.2% as shoppers scrutinized their purchases. Target reported Wednesday that its profit tumbled 52% compared with the same period last year. On Tuesday, Walmart's shares tumbled about 17% for similar reasons after it posted quarterly results.

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Associated Press NewsAssociated Press News

Stung with soaring inflation, Kohl's cuts annual forecast

Kohl’s Corp. cut its annual earnings and sales forecast, as the department store chain joins a string of retailers stung with soaring inflation.

2 years ago·United States
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abc Newsabc News

Kohl's cuts annual forecast, as it gets stung with inflation

Kohl’s Corp. cut its earnings forecast, as the department store joins a string of retailers stung with soaring inflation

2 years ago·United States
Read Full Article
KIFIKIFI

Kohl's cuts annual forecast, as it gets stung with inflation - Local News 8

By ANNE D’INNOCENZIO AP Retail WriterNEW YORK (AP) — Kohl’s Corp. cut its earnings forecast, as the department store joins a string of retailers stung with soaring inflation. The cut in the company’s forecast followed weaker-than-expected first-quarter results. Like many department stores, Kohl’s had struggled before the pandemic, but the health crisis wielded a big blow to sales. The company’s business was rebounding as customers were going out…

2 years ago·Idaho Falls, United States
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New York PostNew York Post

Kohl’s cuts annual forecast as it gets stung with inflation

Kohl’s Corp. cut its annual earnings and sales forecast, as the department store chain joins a string of retailers stung with soaring inflation.

2 years ago·New York, United States
Read Full Article
KVIAKVIA

Kohl's cuts annual forecast, as it gets stung with inflation

By ANNE D’INNOCENZIO AP Retail WriterNEW YORK (AP) — Kohl’s Corp. cut its earnings forecast, as the department store joins a string of retailers stung with soaring inflation. The cut in the company’s forecast followed weaker-than-expected first-quarter results. Like many department stores, Kohl’s had struggled before the pandemic, but the health crisis wielded a big blow to sales. The company’s business was rebounding as customers were going out…

2 years ago·Panama City, United States
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Star TribuneStar Tribune

Kohl's cuts annual forecast, as it gets stung with inflation

Kohl's Corp. cut its annual earnings and sales forecast, as the department store chain joins a string of retailers stung with soaring inflation.

2 years ago·Minneapolis, United States
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