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Actionable news in KSS: KOHL'S CORPORATION,

More Squawk From Jim Cramer: Kohl’s (KSS) Part of ‘Declining Industry’

NEW YORK (TheStreet) -- Kohl's (KSS - Get Report) stock is retreating 8.81% to $35.29 in mid-morning trading on Thursday after the retailer reported disappointing financial results for the fiscal 2016 first quarter.

"What you are dealing with is a declining industry," TheStreet's Jim Cramer said on CNBC's "Squawk on the Street" this morning.

Kohl's delivered earnings of 31 cents per share on revenue of $3.97 billion for the quarter ended April 30, while analysts had estimated earnings of 37 cents per share on revenue of $4.13 billion. On Wednesday, Macy's (M) also reported disappointing sales for the same period.

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