Shares in retailer Kohl's Corporation (NYSE:KSS) were on offer in pre-market trading after it posted a sharp fall in first quarter profits.
The company was the second big retailer this week to disappoint the market, following on from Macy's Inc (NYSE:M) worse-than-expected sales reported earlier this week.
In the quarter ended April 30, Kohl's reported a net income of $17mln, equivalent to nine cents a share, having reported a profit of $127mln (63 cents a share) in the same period of 2015.
Excluding one-off items, earnings per share came in at 31 cents, versus the Street's consensus forecast of 37 cents.
Turnover fell 3.7% from a year earlier to $3.97bn, some way below the $4.13bn the market had been expecting.
Shares shed just under 8% in pre-market trading.