The misfortunes of department stores catch up with Kohl's

Kohl's Corp. Tuesday announced a third consecutive decline in its quarterly sales, although operations improved towards the end of the period and they maintained their forecasts for the year.

The results made analysts and investors fear that Kohl's strong growth for much of last year, which helped reverse the downward trend seen in department stores, came to an end. Shares fell 6.9% on Tuesday and are down 43% over the last year.

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