Kohl’s Cuts Its Guidance as Middle Class Shoppers in the U.S. Increasingly Tighten Their Belts

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Source: Dreamstime | Author: DeltaStock

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The largest U.S. department store chain offered anything but a comforting earnings performance, blaming record-high inflation for the subpar sales performance. The company’s shares slid shortly after the news, declining a total of 31% since the year began.

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