The Traderszone Network

Published in TZ Latest News 13 August, 2015 by The TZ Newswire Staff

Kohl’s misses estimates on delayed back-to-school shopping

“Our sales results were below our plan as the shift of sales in tax-free states from July into August was larger than anticipated,” Kohl’s Chief Executive Kevin Mansell said in a statement. U.S. states offer a three-day sales tax holiday on back-to-school purchases. The tax holiday has shifted to August from July in most states this year.