Kohl’s pulls guidance as it buckles up for discount-heavy holiday season

Retail Dive

Last year at this time, supply chain struggles were the theme of the season. Consumers purchased early — and at higher prices — as they worried about inventory scarcity. That led to higher margins and once-in-a-decade inventory turn rates at Kohl’s in Q3 last year. But now, with pressure from inflation, spending has slowed in October and going into November.

Analysts with Telsey Advisory Group said in a research note Thursday that the guidance withdrawal speaks to “continued uncertainty in the current macro-operating environment heading into and through the holiday season as a more competitive promotional environment weighs on margins and demand trends remain volatile.”

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