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Kohl's swings to surprise loss; warns on profit for year

Por: Associated Press Business March 01, 2023

NEW YORK (AP) — Kohl’s swung to a surprise fourth-quarter loss and sales slumped as the department store was forced to slash prices to get customers to buy clothing as inflation squeezed family budgets. The retailer, based in Menomonee Falls, Wisconsin, also issued an annual profit outlook Wednesday that fell below Wall Street expectations, sending shares tumbling more than 7% in premarket trading. A number of major retailers, , and among... + full article



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