Specialty department store Kohl's has its corporate credit rating cut to BBB-, the lowest investment-grade rung.
The 1.1% drop in comp sales for Q3 was a relief to investors and Target now forecasts as much as a 1% increase for the next quarter.
The high-end retailer is closing 50 stores, and expects its fiscal 2017 restructuring activities to generate $220 million of annualized expense savings.
Best Buy expects sales in the second quarter will be flat, and that non-GAAP diluted earnings per share will fall short of Wall Street's expectations.
