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Department Store Stocks Rip Higher, End of World Didn't Happen

Two of the nation's biggest department stores didn't crush it during the third quarter but showed just enough to hint to investors that the holiday season is unlikely to be a post Election Day profit massacre.

Shares of the mid-tier department store Kohl's (KSS) surged as much as 11% in early afternoon trading on Thursday as third-quarter earnings came in at 80 cents a share, handily surpassing analysts' estimates of 70 cents. Sales fell 2.3% from the prior year to $4.3 billion, in line with Wall...