(Reuters) – Kohl’s cut its annual sales forecast for the third time this year on Tuesday, in a sign the department-store chain is struggling to draw in shoppers ahead of a deal-heavy holiday shopping season.
The company, which announced the exit of its CEO Tom Kingsbury a day earlier, now expects full-year net sales in the range of a 7% to 8% decline, compared to its prior forecast of a drop between 4% to 6%.
(Reporting by Savyata Mishra in Bengaluru; Editing by Pooja Desai)
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