Check out Kohl’s upcoming analyst/investor meeting.
 
Management at the mid-priced department store chain is expected to focus on the long-term at the meeting Tuesday, with an updated five-year plan, analysts said.
 
But after same-store sales declined unexpectedly in August and missed analysts expectations, Wall Street is also looking for an update on third-quarter expectations, JP Morgan analyst Charles Grom said in a research note.
 
“It’s our understanding that in order for KSS to hit the low-end of its 3Q07 $0.67-$0.71 EPS range, it needs to deliver a flat comp in September and a ‘mid-to-high’ single digit comp in October,” he said.
 
Adds Stifel Nicolaus analyst Richard Jaffe, “given the trends evident quarter to date, we anticipate that management will provide a guarded outlook for 2H07.”
 
Kohl’s said last week that the impact of the housing meltdown in some states and promotions from competitors like Macy’s and J.C. Penney have been reasons for its disappointing sales in recent months.
 
One plus in recent weeks is the strong sales of the new Vera Wang (pictured) line of apparel, accessories and home goods, analysts said. 
 
 
Also in basket:  

U.S. August consumer spending up

Citi sends unrequested credit cards to Macy’s customers (USA Today)

Yao gives Reebok an assist in China (WSJ.)

(Photo: Reuters)