Kohl's sticks to annual targets amid tariffs, turbulence at top
(Reuters) -Kohl's retained its annual forecasts after reporting better-than-expected results for the first quarter on Thursday, as the U.S. department store chain bets on its turnaround efforts against the background of tariff-induced choppy demand. Analysts had expected Kohl's to cut or withdraw its forecasts at a time when tariffs have forced several retailers to lower their financial targets and warn on consumer demand. "Kohl's has a long road to turning the business around but it's gratifying to see that the CEO turmoil didn't drag down this quarter," said Kim Forest, chief investment officer at Bokeh Capital Partners.
Reuters
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1 hour ago
