Kohl's trims annual sales forecast on muted demand before holiday season-February 2024-www.financetom.com

Kohl's trims annual sales forecast on muted demand before holiday season

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Kohl's trims annual sales forecast on muted demand before holiday season

Nov 26, 2024 4:34 AM

Nov 26 (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%.

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