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Kohl’s Profit Gets a Lift From Cost Controls, Leaner Inventories

The retailer has increased its annual profit forecast after surpassing second-quarter earnings expectations, buoyed by effective cost management and reduced inventory.
Kohl's store.
The company’s shares rose 4 percent in premarket trading on Wednesday. (Shutterstock)

Kohl’s raised its annual profit forecast after topping second-quarter earnings, as the US department store operator benefited from a tight leash on costs and leaner inventories in the face of cautious spending on apparel and accessories.

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