March 10 (Reuters) – Kohl’s forecast its annual sales below Wall Street estimates on Tuesday, as budget-conscious shoppers pull back spending on higher-margin items, including apparel and homegoods, at its department stores.
The company expects full-year sales to be flat to decline 2%, compared with analysts’ estimates of a 0.7% decline to $14.85 billion, according to data compiled by LSEG.
(Reporting by Anuja Bharat Mistry in Bengaluru; Editing by Maju Samuel)
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