Kohl's beats on 2Q profits as department store cuts inventory amid cautious consumer spending

Kohl's beats on 2Q profits as department store cuts inventory amid cautious consumer spending

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Kohl's reported on Wednesday that both profits and sales declined in the second quarter as the department store chain wrestles with shoppers' cautious spending in a challenging economy. But the results beat Wall Street expectations as the retailer cut inventory and expenses. The department store…

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