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September 01, 2020 1:28pm
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Kohl’s stock dives after profit outlook slashed, given actions to cut excess inventory, inflation pressure on middle-income customers

Shares of Kohl's Corp. took a dive Thursday after the home-goods retailer missed fiscal second-quarter profit expectations and slashed its full-year outlook, as high inflation hurt its middle-income customers and as it started taking action to reduce excess inventory.
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