Kohl’s Makeover not working for Investors

Kohl’s Makeover not working for Investors

Kohl’s inventive strategy to charm customers into its stores has earned the firm’s praise and Wall Street support. But the shopper went to other places, and the investors have started losing confidence in the firm. The company said on Tuesday that in their new quarter, sales of stores that had been open for at least a year had increased by nearly 0.5%. Compared with the same period last year, Kohl’s profit in the quarter fell by 24%, and the retailer lowered its prospects during the holiday shopping period. This is…

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