Why Kohl’s and Other Major Retail Stocks Are Sliding Right Before the Holidays

A dismal earnings outlook from Kohl’s has spooked investors ahead of the holiday-shopping season, dragging down its stock and weighing on fellow retailers. Kohl’s stock (ticker: KSS) dropped 18% in Tuesday morning trading, bringing its year-to-date decline to 28%. That’s after the department-store chain sharply cut its full-year earnings forecast and said it would miss the FactSet consensus estimate by 24 cents a share...
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