Kohl’s Falls After Same-Store Sales Miss Expectations

Kohl’s Corp. reported same-store sales in the fourth quarter that missed the average analyst estimate, suggesting the department store chain struggled to attract shoppers during the crucial holiday shopping season.

The retailer, which appointed Chief Executive Officer Tom Kingsbury to lead the company about a year ago, has struggled to drive sales growth. Same-store sales in the fourth quarter fell 4.3%, an eighth straight decline though an improvement over the 5.5% decline in the prior quarter.