What Kohl’s Awful Numbers Tell Us About J.C. Penney’s Prospects

Kohl’s kss investors hoping for the retailer’s continued turnaround got a fright on Tuesday when it announced dismal first-quarter results and slashed its 2019 forecasts. But Kohl’s results–a 3.4% comparable sales decline that was far worse than Wall Street expected–are even scarier to another chain’s shareholders: J.C. Penney, jcp the struggling department store chain that […]