Inclement weather and thrifty consumers took their toll on January sales.
Providing a quarterly update, Kohl’s Corp. lowered its fourth-quarter earnings guidance to about $1.53 a diluted share, from earlier estimates of a range of $1.59 to $1.74, as weakness in January led it to a 2 percent same-store sales decline in the November-to-January period. Comps were up 0.8 percent during November and December.
A Stella McCartney sketch of a custom dress made from protein-based silk in partnership with biotech lab Bolt Threads. The dress will be displayed at The Museum of Modern Art's upcoming design exhibition, "Items: Is Fashion Modern?"