Kohl's shares tumble on weak holiday sales - CNBC
CNBC - Thu 10 Jan 17:25 GMT

Kohl's shares tumble on weak holiday sales - CNBC

Kohl's on Thursday reported holiday sales growth that paled in comparison to its results in 2017, sending shares tumbling.

  Kohl's on Thursday reported holiday sales growth that paled in comparison to its results in 2017, sending shares tumbling.

  Kohl's stock was last down more than 9 percent, as its sales growth wasn't enough to appease investors, even as it raised its full-year profit outlook.

  Kohl's said sales at its stores and website operating for at least 12 months, on a shifted basis, rose 1.2 percent over the 2018 holiday shopping season.

  For Kohl's, though, sales gains were "much more difficult to attain this year" after the company had such a strong holiday season in 2017, GlobalData Retail Managing Director Neil Saunders said.

  Kohl's has, meanwhile, been called out by analysts as one company expected to have benefited this past holiday season amid Sears' bankruptcy and Toys R Us' liquidation.