Kohl's, Home Depot forecasts quell pre-holiday cheer

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Kohl's, Home Depot forecasts quell pre-holiday cheer
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Retail heavyweights Kohl's Corp and Home Depot Inc sent a shiver through Wa...

Shares in the two companies fell as much as 5.6% and 19% respectively, dragging down sector peers and weighing on Wall Street.

Kohl’s said on Tuesday the need to spend on promotions going into the holiday season would hurt annual earnings. The report also pointed to more weakness in some sectors than others, and results from retailers so far have told a similar story.

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