The department-store chain recorded lower sales and profit in the second quarter. Low-and middle-income consumers in particular are pulling back on spending, a trend Kohl’s executives said is likely to continue through the rest of the year.
The department-store chain recorded lower sales and profit in the second quarter. Low-and middle-income consumers in particular are pulling back on spending, a trend Kohl’s executives said is likely to continue through the rest of the year.