reuters.com

Kohl's Comparable Sales Slip as Shoppers Face Persistent Financial Pressures

Kohl's logoKohl's
Sig2.41Sen-1.72Env0.00Soc+0.11Gov+0.05

Kohl’s shares fell in volatile trading as comparable sales decreased 0.9%, after a 4.2% drop a year earlier. The retailer cited declining transaction values as low- and middle-income shoppers seek bargains. CEO Michael Bender blamed inflation-driven financial pressure. Kohl’s raised its annual profit forecast, aided by $150 million in tariff refunds, and said it will resume a roughly $100 million share repurchase program.

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