Tag: $Kohl’s

Department store chain Kohl’s cut its annual sales and profit forecast after posting a surprise quarterly loss on weaker consumer demand for its apparel and footwear, dragging its shares down 22% before the bell on Thursday.

Shares of Kohl’s were trading higher after the retailer topped quarterly earnings estimates and announced a partnership with Babies “R” Us.

Nov 21 (Reuters) – Kohl’s posted a bigger-than-expected drop in quarterly sales on Tuesday as cost-conscious shoppers chose to spend less at its department stores amid still high inflation, sending its shares down more than 4% before the bell.

 Kohl’s Corp beat estimates for quarterly profit on Wednesday, as leaner inventories, lower costs and fewer discounts helped the department store chain counter a broader retail slowdown.

Kohl’s shares spiked early Wednesday as the struggling retailer posted a surprise profit while it chases a turnaround.