In the third quarter, net income dropped 63% to $22 million from $59 million as sales slipped 9% to $3,507 million from $3,843 million, with comps off 9.3%, led by softness in apparel and footwear. While KSS did not provide color on activewear performance, the quarter did see a weak Back-to-School. August posted the weakest comps and saw the lowest traffic in an overall 3% decline. Children’s business was especially challenged early in the quarter, having been called out in Q2 for good positioning going into the season. Apparel was also ... Log in to view full article.