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Kohl’s Rules Out Major Store Closures Despite Disappointing Q4
Kohl's Q4 net sales fell 4% with same-store sales down 3%, but profits rose 149%, and the company plans to maintain its store base while focusing on product assortment and private labels.
The struggling department store is simplifying promotions and adding value-priced merchandise to appeal to its lower- to middle-income customer. But is it going far enough?