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Kohl’s Withdraws Outlook Over Coronavirus Disruption

Photo Credit: Mike Mozart via Flickr cc

Kohl’s is taking steps to mitigate the hit to its business as the coronavirus takes its toll on retailers. The department store retailer is working to reduce expenses and inventory and looking to long-term results to make up for near-term changes necessitated by the outbreak.

Kohl’s “remains committed to paying a dividend over the long-term and to the extent it makes a near-term change in its program due to the COVID-19 impact, it would seek to resume its approach following stabilization in the environment,” the company said in a statement.

Read the full story at CNBC.