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Kohl’s Q4 same-store sales decline, lowers guidance
Menomonee Falls, Wis. – Kohl's Corp on Thursday lowered its profit forecast for the fourth quarter after the retailer reported a 2% decrease in same-store sales in January.
Combined November and December same-store sales rose 0.8%, but the company said January sales were significantly lower than planned as a result of lower traffic and low levels of clearance merchandise.