Kohl's Preliminary Guidance Causes Retail To Indicate Lower Open

Retail stocks are indicating a lower open Tuesday morning following Kohl’s Corporation KSS downbeat preliminary guidance.

Kohls Corporation reported that they expect comparable sales to decrease 1.4% in the third quarter, and anticipates 2014 diluted EPS to be on the low end of the previous guidance range.

Following the announcement, retail stocks are trending lower:

Kohl’s Corporation KSS down 6%
J C Penney Company JCP down 2%
Target Corporation TGT down 1%
Nordstrom Inc. JWN down 1%
Sears Holding Corp. SHLD down 1%