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Kohl's sales climb in December

from ABC News

Kohl's Corp. raised its fourth-quarter profit guidance after December sales climbed at a faster-than-expected pace as shoppers gravitated toward its discount prices during the holidays. For the five weeks that ended Jan. 2, Kohl's said its sales in stores open at least a year rose 4.7 percent with sales higher across all regions and categories, especially in shoes and accessories. Analysts surveyed by Thomson Reuters had expected the sales to rise just 3.6 percent. more


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