U.S. Markets open in 8 hrs 49 mins

3 reasons why Kohl's says 2019 got off to a slow start

Sari Lesk
3 reasons why Kohl's says 2019 got off to a slow start

Kohl’s Corp. attributes its slow start to fiscal 2019 to unseasonable weather, less productivity in its promotional events and soft business in the home category. Menomonee Falls-based Kohl’s (NYSE: KSS) reported its financial outcomes Tuesday for the first fiscal quarter, ended May 4. The latter figure is down 17 percent compared with the first quarter of 2018, when Kohl’s recorded $75 million in net income.