Kohl’s posted on Tuesday a bigger-than-expected decline in quarterly sales, as customers spent less at its department stores.
Lowe's, the nation's second-largest home improvement chain behind Home Depot, also reported drops in both sales and profits.
The consumer electronics retailer posted revenue of $9.76 billion in the period, falling short of Street forecasts.
In the year-ago period, sales were $10.59 billion.
Best Buy expects full-year earnings in the range of $6 to $6.30 per share, with revenue in the range of $43.1 billion to $43.7 billion.
Persons:
Kohl’s, they're, Corie Barry, Barry, Anne
Organizations:
Federal, “, Zacks Investment
Locations:
Richfield , Minnesota