Retailers gave a mixed read on consumer spending heading into the key holiday season, with department store chain Kohl’s Corp. and Home Depot Inc. reporting weak sales, but discounter TJX Cos. continuing to log strong sales.
Kohl’s said comparable sales increased 0.4% from a year ago in the quarter ended Nov. 2, after several quarters of declines but less than Wall Street expected. Executives said the chain was entering the holiday period with momentum, but lowered their profit forecasts for the rest of the year. Comparable...
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November 19, 2019 at 09:20PM
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Retailer Results Give Mixed Read on Consumer Spending - The Wall Street Journal
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