(Bloomberg) — Kohl’s Corp. fell the most in almost three years after posting quarterly sales that trailed analysts’ projections. The retailer also cut its full-year profit forecast for a second time this year, exacerbating concerns about department stores.Same-store sales, a key metric for retailers, increased 0.4% in the third quarter, compared with the 0.8% growth seen by analysts, according to Consensus Metrix. Kohl’s now says profit excluding some items will be $4.75 to $4.95 — with the new high point of the range 50 cents below the previous outlook. See more results here.Key InsightsWhile Chief Executive Officer Michelle Gass said …read more
Source:: Yahoo Finance
