Kohl’s Drags Down The Entire Retail Sector After Cutting Guidance, Macy’s Follows

Most retail stocks finished the day in the red, with Kohl’s and Macy’s leading the pack, down 19% and 10%, respectively. The Macy’s sell-off was further exacerbated by reports of a data breach in October.

They are set to report earnings before the open on Thursday. Read more

 

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