JC Penney and Kohl’s on Thursday became the latest US retailers to feel the impact of a slowdown in demand.
Both slashed their earnings guidance and predicted a bitterly competitive holiday season.
COMPANIES
JC Penney and Kohl’s slash outlook
By Jonathan Birchall in New York
Published: November 15 2007 15:47 | Last updated: November 16 2007 01:51
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