Kohl’s had an even worse quarter than Wall Street expected with net sales plummeting nearly 10% in the aftermath of layoffs and store closures
Kohl’s had a disappointing fourth quarter, with net sales dropping nearly 10%. Earlier this year, the department store chain ...
Kohl’s shares plunge 22% on weak sales forecast, new CEO warns turnaround will take ‘some time’
Kohl’s on Tuesday forecast weaker-than-expected sales and its new chief executive warned that a turnaround will take “some ...
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Kohl's cuts 10% of corporate workforce weeks after announcing 27 store closures
Kohl's has slashed about 10% of its corporate workforce. The move comes weeks after the struggling retailer announced it would be closing 27 "underperforming" stores in 15 states by April. That leaves ...
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New Kohl’s CEO Lays Out Turnaround Strategy Following Disappointing Q4
In his first earnings cycle at the helm, Kohl’s new CEO Ashley Buchanan laid out his plan to turn around the embattled ...
Kohl's Corp. sales decline 7.2% in 2024. Profit down sharply for the quarter and year.
Kohl's Corp. sales declined 9.4% during the pivotal fourth quarter of 2024 and overall sales were down 7.2% for the year, the ...
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As 2025 kicks in, so are layoffs: these are some companies cutting jobs
Kohl’s embarked on layoffs to slash its corporate workforce by 10% last month, with closures of open positions accounting for "more than half" of that, the retailer told FOX Business at the time.
Mass Layoffs to Hit Two States in March
Companies are required to send out WARN (Worker Adjustment and Retraining Notification) notices in the event of a mass layoff ...