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Sales in several retail chains slowed in the last quarter, clouding the outlook for the retail sector, which is preparing for a significant increase in tariffs on products imported from China.
Sales of Kohl's Corp., J.C. Penney Co. and Home Depot Inc. declined, as the beginning of the year was slower. Comparable sales fell 3.4% at Kohl's and 5.5% at Penney. Analysts disappointed analysts' expectations for the quarter, closed on May 4th. Home Depot recorded an increase in its comparable quarterly sales, but the …
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