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Kohl's posts 13% decline in net sales

Nov 17 (Reuters) - Kohl’s Corp posted a 13.3% decline in quarterly net sales on Tuesday, as lower traffic at department stores due to the COVID-19 pandemic hammered demand for footwear and apparel.

Net sales fell to $3.78 billion from $4.36 billion in the third quarter ended Oct. 31, versus market estimate of $3.86 billion, Refinitiv data showed. (Reporting by Praveen Paramasivam in Bengaluru; Editing by Maju Samuel)

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