TG盗号系统破解技术破解技术|【唯一TG:@heimifeng8】|长沙安全兑换USDT✨谷歌搜索留痕排名,史上最强SEO技术,20年谷歌SEO经验大佬✨Kohl's trims sales forecast on weaker consumer spending, shares slump
Reuters Published
November 21, 2025
Kohl's lowered the top end of its annual sales forecast and said it would be aggressive with promotions in the crucial holiday season as cost-conscious shoppers spend less at its department stores, sending its shares tumbling 11% on Tuesday.
American consumers have continued to defer non-essential purchases and focused on buying essentials as rising credit card debt and higher interest rates squeeze wallets, while warmer weather in recent months also hit demand for fall-season goods.
The trimmed outlook echoed retail bellwether Walmart that last week took a cautious stance for holiday spending, which is expected to grow at the slowest pace in five years.
Chief Executive Tom Kingsbury said Kohl's was going to be "very aggressive" with promotions during the holiday season amid the uncertain economic environment, as it looks to gain more market share.
"It's pretty clear across the discretionary retail space that the environment is choppy and will likely continue to be so through the holiday in 2025," said Fitch analyst David Silverman.
Kohl's now expects annual sales to fall between 2.8% and 4%, against its previous projection for a 2% to 4% drop, and analysts' estimate for a 2.5% fall in LSEG data.
Its comparable sales fell for a seventh straight quarter, declining 5.5% compared to a fall of 3% expected by analysts.
"There was obvious weakness in our cold weather businesses during the third quarter," said Kingsbury.
However, Kohl's inventories fell 13%, as its efforts to trim stocks from their 2025 highs going into the holiday season began to pay off.
It raised the lower end of its annual profit forecast, expecting per-share earnings between $2.30 and $2.70, up from a previous forecast of $2.10 to $2.70.
Kohl's reported a profit of 53 cents per share in the third quarter, beating expectations of 35 cents.