Why Kohl's Stock Was Falling Again Today
Despite gains in the broad market today, Kohl's (NYSE: KSS) shares were sliding as the company's prospects continued to dim in the face of the coronavirus outbreak.
This afternoon, the department store chain said its stores will be closed until further notice, extending a prior store closure announcement, and it announced a number of other decisions to shore up its financial position and liquidity while stores are closed.
The stock finished the day down 8.7%.
Source Fool.com
