(Reuters) – Kohl’s reduced its yearly sales projection for the 3rd time this year on Tuesday, in an indication the department-store chain is having a hard time to pull in buyers in advance of a deal-heavy vacation purchasing period.
The firm, which introduced the leave of its chief executive officer Tom Kingsbury a day previously, currently anticipates full-year internet sales in the series of a 7% to 8% decrease, contrasted to its previous projection of a decrease in between 4% to 6%.
(Reporting by Savyata Mishra in Bengaluru; Editing by Pooja Desai)
