Kohl's Department Stores Losing Money

While some people are out trudging the woods, others may be holiday shopping, but one Wisconsin-based retailer says it's suffering losses already.

Kohl's says it saw a 14% drop in third-quarter net income amid a challenging economy.

The Menomonee Falls-based retailer also lowered its profit expectations for the year.

The company says a warmer-than-normal fall meant for slumping sales of outerwear and sweaters



 
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