Kohl’s joins department store retailers to warn of weak 2024 growth – ET Retail
Kohl’s on Tuesday forecast annual sales and profit largely below market expectations, joining Macy‘s and Nordstrom to warn of a challenging year for U.S. department stores. Shares of Kohl’s, which gained about 14% in 2023, fell 2% in early trading as it posted a steeper-than-expected drop in same-store sales in the fourth quarter. The retailer’s…
