• Most Popular
  • Most Shared

Kohl's Dec same-store sales fall; outlook cut

ATLANTA
Thu Jan 10, 2008 8:44am EST

Stocks

   

ATLANTA (Reuters) - Kohl's Corp (KSS.N), a mid-priced department store chain, on Thursday reported an 11.4 percent fall in December sales at stores open at least a year and cut its fourth-quarter profit forecast.

Stocks

Kohl's, based in Menomonee Falls, Wisconsin, said it offered discounts to lure shoppers that pressured its gross margins.

Analysts on average were expecting Kohl's December same-store sales to fall 7.9 percent, according to Reuters Estimates.

(Reporting by Karen Jacobs; Editing by Derek Caney)
Stocks


More from Reuters

Photo

U.S. health bill passes crucial Senate test

WASHINGTON (Reuters) - A broad healthcare overhaul passed its first crucial test in the U.S. Senate on Monday, with 60 Democrats voting to put President Barack Obama's top legislative priority on a path to passage by Christmas. | Video

» More Top News
A woman shops at a Sam's Club store, a division of Wal-Mart Stores, in Bentonville, Arkansas June 4, 2009. REUTERS/Jessica Rinaldi

The food-stamp economy

On the last day of every month, shoppers at Walmart load their carts with food and household items and wait for the midnight hour. Is this the new normal in America?  Full Article 

U.S.
Two men shake hands in a file photo. REUTERS/File

Let's make a deal

The battered M&A sector will make a tepid recovery in the coming year and three hot sectors will lead the way, according to a Thomson Reuters analysis.  Full Article 

Global Deals Review