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Kohl’s Posts Q1 Profit Decline and Cuts Annual Guidance

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A slow start to the year has Kohl’s Corp. now planning more conservatively, including a cut in its annual earnings guidance. In a Nutshell: The retailer’s chief executive officer, Michelle Glass, said, “The year has started off slower than we’d like, with our first quarter sales coming in below our expectation. We are actively addressing…

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