The decision was announced roughly a week before the new CEO took over. Ashley Buchanan is Kohl's third CEO in four years ... created roughly $1.4 billion in sales and expect it to be a $2 billion ...
(CNN) — A new CEO took the reins at Kohl’s this month, hoping to reverse a long losing streak at America’s largest department store chain. But after years of declining sales, a sharp drop ...
Kohl’s is not the only department store chain that has struggled in recent years. More than 7,300 retail stores closed last year, a 57% increase from 2023, according to Coresight Research.
In 2018, Kohl's was hailed as a "winner of the retail apocalypse," boasting strong sales over its struggling counterparts like Sears and JCPenney. Now, Kohl's is feeling the strain. Its third ...
Kohl’s is planning to close 27 underperforming stores in 15 states by April as the struggling department store chain aims to boost profitability and improve sagging sales ...