Kohl's is a mess in more ways than one
CNN
Kohl's can't seem to catch a break, and it may have only itself to blame.
The department store chain on Thursday presented a dour outlook for 2022, saying it expects full-year sales to fall 5% to 6% compared to a year ago and blaming high inflation for preventing shoppers — specifically its middle-income consumers — from spending more at its stores. The company also reported a drop in sales and profit for the quarter ended July 30.
Kohl's shares were down more than 4% in morning trading.
Hours after President Joe Biden touted its success during his commencement speech at West Point last Saturday, White House staffers learned that the temporary pier the military had just constructed into Gaza was falling apart. Four Army vessels had been beached, two in Gaza and two along the coast of Israel.
President Joe Biden asserted Friday that Hamas has been degraded to a point where it can no longer carry out the type of attack that launched the current 8-month conflict in Gaza, laying out a three-phase proposal Israel has submitted to wind down the grinding crisis as he declared, “It’s time for this war to end.