By Julia Horowitz, CNN Business
Updated 7:15 AM ET, Wed November 20, 2019
London (CNN Business)Happy Wednesday. A version of this story first appeared in CNN Business’ Before the Bell newsletter. Not a subscriber? You can sign up right here.
The story of the retail industry has increasingly become about winners and losers. Walmart? By and large, they’ve been a winner. Others haven’t been so lucky. Kohl’s (KSS), for example, disappointed investors on Tuesday, highlighting how hard it is to engineer a turnaround amid pressure from Amazon, online brands and big box retailers. The company said sales at stores open at least a year grew an anemic 0.4% during its most recent quarter, my CNN Business colleague Nathaniel Meyersohn reports. Profit fell 24% compared to one year ago, and the retailer slashed its outlook heading into the all-important holiday shopping season. (READ MORE)
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