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thehill.com 23 Aug, 2023 13:45 am

Kohl’s beats on 2Q profits as department store cuts inventory amid cautious consumer spending

Kohl’s beats on 2Q profits as department store cuts inventory amid cautious consumer spending
NEW YORK (AP) — Kohl’s reported on Wednesday that both profits and sales declined in the second quarter as the department store chain wrestles with shoppers’ cautious spending in a challenging economy. But the results beat Wall Street expectations as the retailer cut inventory and expenses. The department store chain also reaffirmed its annual guidance.…
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