Deutsche Bank Downgrades Kohl's (KSS) to Hold after "Unacceptable" Comps
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Cheer Up Investors, Inconsistency Is Kohl's (KSS) Calling Card
November 30, 2012 8:43 AM ESTYesterday investors took Kohl's Corp. (NYSE: KSS) to the woodshed after the retailer reported a surprise drop in same store sales, which came in at -5.6 percent vs. a 2.1 percent increase expected.
Commenting on developments, analyst Daniel Binder said "With shares down sharply, one might say the horse is out of the barn, so we are leaving our options open for some recovery, if December bounces back.... More
Kohls (KSS) Comps Dropped 5.6% in November
November 29, 2012 8:31 AM ESTKohls Corp. (NYSE: KSS) reports that for the four-week month ended November 24, 2012 total sales decreased 4.9 percent and comparable store sales decreased 5.6 percent from the four-week month ended November 26, 2011. Year to date, total sales increased 0.4 percent and comparable store sales decreased 1.1 percent.... More
