Kohl's cuts profit forecast after weak first quarter, shares fall 10%

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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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Well. Trump is doing everything he can to hurt our economy. Tariffs and yes getting rid of Immagrants hurt the economy.

But, but, but ... they just partnered with Amazon ... but the good news is that if Kohl's fails, Amazon already has a foot in the door to take over

Well fuck

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