#department-store

#department-store

Goldman Sachs views Kohl's Q4 as a story where the headline earnings number flatters the underlying business. Below-the-line items offset decelerating comp momentum and a sales miss, according to the firm's research note. In other words, expense cuts, favorable tax treatment, and one-time items helped deliver a profit beat that doesn't reflect the health of the core retail operation.

The future of Sears in South Florida is uncertain as redevelopment plans may lead to the demolition of the last department store in Miami-Dade and Broward.