Deutsche Bank Downgrades Kohl's (KSS) to Hold after "Unacceptable" Comps

Go back to Deutsche Bank Downgrades Kohl's (KSS) to Hold after "Unacceptable" Comps

Cheer Up Investors, Inconsistency Is Kohl's (KSS) Calling Card

November 30, 2012 8:43 AM EST

Yesterday 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 EST

Kohls 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