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Kohl's cuts annual sales forecast

Aug 29, 2024 9:16 AM

(Reuters) - Kohl's cut its annual net sales forecast on Wednesday, as the department store operator struggles with weak consumer demand and higher promotions.

The company now expects annual net sales to decline between 4% and 6%, compared with its prior forecast of a drop of between 2% and 4%.

(Reporting by Juveria Tabassum; Editing by Sriraj Kalluvila)

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