(Reuters) – Kohl’s decreased its yearly gross sales projection for the third time this 12 months on Tuesday, in a sign the department-store chain is having a tough time to drag in consumers prematurely of a deal-heavy trip buying interval.
The agency, which launched the go away of its chief govt officer Tom Kingsbury a day beforehand, at the moment anticipates full-year web gross sales within the sequence of a 7% to eight% lower, contrasted to its earlier projection of a lower in between 4% to six%.
(Reporting by Savyata Mishra in Bengaluru; Editing by Pooja Desai)
