Shares of Kohl's (KSS) have lost roughly 15% of their value over the past trading week. The department store which sells apparel, footwear and houseware reported very weak comparable store sales growth results for the month of November.
November's Sales Results
Kohl's announed a 4.9% decrease in sales for the four week period ending on November 24. Worse, comparable store sales fell 5.6% in the important month leading into the holiday season. Overall, sales fell to $1.84 billion for the month.
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