Kohl’s banks on cost controls, leaner inventories to lift profit target
By Juveria Tabassum (Reuters) -Kohl’s topped quarterly profit estimates and raised its annual forecast on Wednesday, as the department store operator leans on lower costs and slimmer inventories heading into a discount-heavy holiday shopping season. The company’s shares, down 31.7% so far this year, rose 4% on Wednesday. Clearance events at the start of the