(Bloomberg) — Kohl’s Corp. shares fell as much 14% after the U.S. retailer posted a quarterly loss and declining sales, a sign of the struggle of many retailers amid pandemic uncertainty.The company’s second-quarter report contrasts sharply with the booming sales figures released Tuesday by Home Depot Inc. and Walmart Inc., two massive retailers that were deemed essential and allowed to operate through the pandemic. Kohl’s and its nonessential peers, meanwhile, have struggled to regain sales as shoppers stay home and flock to e-commerce.Kohl’s posted a loss of 25 cents a share when excluding some items — better than the estimated …read more
Source:: Yahoo Finance
