Kohl's
I have another explanation. High gas prices may be affecting consumers. The weak housing market is also likely taking a toll. For instance, Target
But I think Kohl's is also facing company-specific issues that the Rothman house finds very annoying. It is constantly running sales at its stores in ways that confuse customers. In addition, it seems to be alienating its customers by announcing sales and then running them a day or so earlier. Those customers will go to the store on the assigned day only to find certain items were on sale the day before, and are thus out of stock. This was one of the problems at J.C. Penney before it righted itself.
July is a key month, with back-to-school sales starting. (Is that a cheer I hear coming from parents, or a groan from the kids?) The company expects this month's SSS to be in the mid-single digits. It still expects to earn $0.81-$0.85 a share. Stay tuned!
Related Foolishness:
- Growing Kohl's Coast-to-Coast
- Fool on the Street: At Kohl's It's All About the Customer
- Kohl's Pursues Growth
Fool contributor Larry Rothman is happy to receive feedback, and promises to read it when not being wrestled by his three children. Feel free to e-mail him at [email protected]. He doesn't have any positions in the companies mentioned. The Fool has a disclosure policy.