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Kohl's chops profit forecast after dismal first quarter, shares slump
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Kohl's chops profit forecast after dismal first quarter, shares slump
'Based on the soft start to the year, the adjustments we are making to be more competitive and higher cost due to tariff, we are planning the year more conservatively,' Chief Executive Michelle Gass said. In the first quarter, Kohl's suffered from a prolonged winter that led to higher sales of discounted warm clothes over its new spring collection.
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