Kohl's slumps after forecasting bigger-than-expected drop in 2025 sales
** Shares of U.S. department store chain Kohl's KSS.N fall 17% to $10 premarket
** Company forecasts a bigger-than-anticipated drop in annual sales and expects profit below Wall Street estimates as it grapples with uneven demand
** Expects comparable sales to decline 4% to 6% during 2025, compared with analysts' average estimate of a 0.9% drop, according to data compiled by LSEG
** Q4 same-store sales fall 6.7%, compared with the estimate of a 6.2% drop
** Larger peer Macy's M.N and big-box retailers such as Walmart WMT.N and Target TGT.N have also provided cautious forecasts due to inflation risks and the impact of President Donald Trump's tariffs
** KSS expects 2025 profit between 10 cents and 60 cents per share, vs analysts' estimate of $1.23 a share
** Shares down 55.8% in the past 12 months
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