Consumer
Kohl’s, Dick’s Add to Retail Worries With Weak Outlooks
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Kohl’s Corp. and Dick’s Sporting Goods Inc. added to the flood of companies raising concerns about the US consumer.
Comparable sales at Kohl’s are expected to drop as much as 6% this year, far exceeding Wall Street’s projections. Dick’s also disappointed, with the low end of its sales forecast and earnings guidance trailing the average of analysts’ estimates.