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Department-Store Woes Catch Up to Kohl's



Kohl & # 39; s Corp. on Tuesday reported its third consecutive quarterly revenue decline, although it said business improved toward the end of the period and maintained its guidance for the year.

The results led to concerns from analysts and investors that strong growth that Kohl had had for most of last year, which had helped reduce a downward trend among department stores, has come to an end. Shares fell 6.9% on Tuesday and are down 43% over the past year.


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