Kohl’s has a new CEO, but not enough of the things its shoppers depend on
When Kohl’s Corp. on Monday announced it was getting a new chief executive next year, investors got suspicious. On Tuesday, the department-store chain confirmed those suspicions, reporting results that missed expectations and sending shares sharply lower.
Kohl’s Surprise CEO Departure Highlights Holiday Shopping Season Challenges
Photo: Kohl’s surprise CEO departure announcement a day before its quarterly results will play on the minds of investors, who were looking out for a positive forecast from the struggling department store chain ahead of the key holiday shopping season.
Kohl's lowers annual sales forecast again on muted holiday shopping demand
Kohl's on Tuesday forecast a bigger drop in annual sales than previously expected, a sign the department-store chain is struggling to draw in shoppers ahead of the promotion-heavy holiday shopping season.
Kohl’s 3Q Sales Decline, New 2024 Outlook Suggests Tough Holiday Period
Kohl’s saw sales decline in the latest quarter while its revised outlook for the year suggested a challenging upcoming holiday period, creating a challenging setup for its next chief executive.
Kohl's Lowers Full-Year Outlook as Third-Quarter Sales Fall More Than Projected
Shares of Kohl's (KSS) plunged intraday Tuesday after the retailer reported a bigger-than-expected decline in fiscal third-quarter revenue and lowered its full-year financial outlook, a day after the department store chain announced a chief executive transition plan.
Kohl's shares slump on lowered annual sales forecast as holiday demand wanes
Kohl's on Tuesday forecast a bigger drop in annual sales than previously expected, a sign the department-store chain is struggling to draw in shoppers as it navigates a CEO change ahead of a deal-heavy holiday shopping season.
We Messed Up: Kohl’s CEO Gives a Mea Culpa
But Kohl’s outgoing CEO Tom Kingsbury had no trouble this week owning up to mistakes that led to a steep drop in the retailer ...
How activist investor fights, poor sales led Kohl's Corp. to its third CEO in four years
Buchanan led The Michaels Companies as CEO since 2020. In 2021, he helped make a deal with Apollo Global Management to take ...
Kohl's vows 'aggressive action' to reverse sliding sales following a 'frankly disappointing' quarter
The CEO of Kohl's said the retailer was not satisfied its performance this year and was taking "aggressive action" to reverse ...
Kohl’s Shakes Up Leadership As Retailer Reports $37 Million Drop In The Third Quarter Over 2023
Kohl’s Corp. has reported yet another disappointing earnings and revenue quarter, and has confirmed a change at the helm, ...
Is Kohl’s open on Thanksgiving 2024? What to know before you go to the store
No, Kohl’s will not be open. Shoppers will have to wait until Black Friday to take advantage of the deals in-store. The ...
Best Buy Posts Another Quarterly Sales Drop While Kohl's Sees Slump Deepen
Best Buy, the nation’s largest consumer electronics chain, reported another quarterly drop in sales as Americans continued to ...
Retail Dive2h
Will Kohl’s have to close stores?
Not long ago, in stark contrast to rival Macy’s, the department store was talking about expanding its fleet. That may be ...
Kohl’s shares tank 20% as CEO abruptly quits before crucial Black Friday kickoff
The Wisconsin-based company reported a same-store sales decline of 9.3% – its eleventh same-store sales decline in a row.
Kohl’s Outlook Suggests Tough Holiday Period
Kohl’s saw sales decline in the latest quarter and now expects the full-year top line to fall 7% to 8%, creating a ...
Kohl's CEO Tom Kingsbury to step down in January, to be replaced by Michaels CEO Ashley Buchanan
Kingsbury will remain with Kohl’s in an advisory role to Buchanan and stay on the board until he retires in May.
8 Kohl's Exclusive Products Everyone Should Know About
Did you know that Kohl's offers exclusive deals on fashion brands, toys, and household goods? See our picks for well-rated, ...