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Kohl's sees 'softening' in certain categories due to coronavirus, postpones investor day

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Kohl's Corp. KSS, -17.41% said in a filing posted on Friday that it has experienced "softening" in categories most affected by coronavirus. The retailer did not specify which categories those were. However, digital demand has not seen an impact, according to the company. Kohl's Chief Executive Michelle Gass posted a message about the company's response to the outbreak, including enhanced cleaning protocols for stores and asking anyone with work-from-home capabilities to do so if they feel sick. Kohl's has also postponed its investor event, which was scheduled for March 16. The company previously announced that the event would be done via webcast. Still, Kohl's says out of concern for the well-being of its workers and daily operation of the company, the event will take place at a later date. Kohl's is in the midst of a business turnaround that includes the elimination of eight of its women's brands. Kohl's stock is up 5.2% in Friday premarket trading, but down 66.5% over the past year. The S&P 500 index SPX, -2.92%7073彩票注册 has fallen 11.8% for the period.

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