 Weak holiday sales reports sent Kohls Corporation NYSE: KSS and JC Penney Company Inc NYSE: JCP shares tumbling Thursday while bolstering the notion of a humbug holiday for traditional retailers who couldnt compete with online sellers. Kohls announced a 0.2 drop in comparable store sales in November and December and said it expects earnings for the year to be near the bottom of its forecast range of 4.75 to 4.95. Kohls stock was down more than 9 Thursday as BofA lowered its rating on the stock. JC Penney saw a much bigger drop, with sales off 7.5 in the nine-week holiday period. The companys stock also dropped more than 9 on the news. Holiday Shopping Saved By E-Tail While overall holiday sales were up this year by more than 3, that was thanks mostly to online shopping, which was up nearly 19 year over year from the beginning of November to Christmas. Kohls CEO Michelle Gass said its ... Full story available on Benzinga.com 