Kohl's warns of margin pressure, shares tumble 12%
By Flemming in Business
Updated 3 years ago
Kohl's Corp (KSS.N) on Thursday warned of a hit to its full-year profit margin from higher labor and shipping costs as well as selling fewer products at full-price due to intensifying competition as the economy reopens, sending its shares down 12%. The retailer, however, beat expectations for first-quarter profit as...