New York (CNN Business) Kohl's innovative strategy to draw customers into its stores won the company praise and fans on Wall Street. But shoppers are going elsewhere, and investors are losing confidence in Kohl's. Kohl's profit fell 24% during the quarter compared with a year ago, and the retailer slashed its outlook heading into the holiday shopping stretch. Kohl's KSS Macy's M Nordstrom JWN It did little to mollify investors.stock tumbled on Tuesday. The results signal that Kohl's makeover strategies are falling short.

Source: CNN November 19, 2019 15:00 UTC