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%
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