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People shop at Kohl’s department store amid the coronavirus outbreak on September 5, 2020 in San Francisco, California.
Liu Guanguan | China News Service | Getty Images
Kohl’s on Wednesday posted a big, surprising loss and a sales decline of about 7% in the holiday quarter.
Its latest results come as the retailer copes with years of lagging sales, which have drawn attention from activist investors and contributed to a recent leadership shakeup.
Kohl’s also sees more lackluster sales ahead. It shared a weak outlook for the year. It said it anticipates net sales to range between a decline of 2% and a decline of 4%, including the impact of the 53rd week of the year that is worth about 1% year…
Source cnbc.com
