Kohl’s Profit Dips 20%; Plans to Test Small Store Formats

Kohl’s Corp. announced a 20% dip in Q4 profit on continued mediocre sales growth. It also announced plans to close 18 underperforming locations and test a new smaller format store. Kohl’s revenue guidance for 2016 was below Wall Street expectations, according to MarketWatch. Kohl’s expects 2016 sales between -0.5% and +0.5%, compared with analyst estimates […]

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