Tag: five-year-low
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Weak sales at Kohl’s, Ralph Lauren spark selloff in retailers
Ralph Lauren's stock fell 18 percent, touching a more than five year-low of $94.02. Kohl's said it discounted heavily in the quarter, hurting margins, as it worked to clear inventories, after a slow start to the winter season led people to spend less on sweaters, gloves and coats. Ralph Lauren said it would aggressively try…