Kohl’s new CEO has a massive cleanup job ahead of him as shares plunge to their lowest point since 1995
He worked for 13 years at Walmart in top roles including chief merchant of its massive e-commerce business and Sam’s Club division. Buchanan then became CEO of crafts retailer Michaels in 2020, improving its stores,
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 time” – sending its shares toppling 22%.
Kohl's stock plummets as sales drop, guidance widely misses estimates amid turnaround efforts
On Tuesday before market open, Kohl's reported that Q4 revenue and same-store sales declined 9.4% and 6.7% year over year, respectively. Adjusted earnings per share came in at $0.95, compared to $1.67 in the year-ago period.
Kohl's shares plunge 20% as retailer gives rough outlook for the year ahead
Kohl’s posted a beat on revenue for the fourth quarter on Tuesday, but issued disappointing guidance for the year ahead.
Here's How Kohl's New CEO Wants to Turn the Retailer Around
Kohl’s (KSS) has a new chief executive. He’s got work to do. Ashley Buchanan, CEO of the department-store chain, on Tuesday outlined his plan to turn things around following the release of mixed quarterly financial results and a downbeat outlook.
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Is Kohl’s Stock a Buy, Sell, or Hold After Cutting Its Dividend 75% for 2025?
Kohl’s (KSS) is in a tough spot right now, dealing with falling sales, weak profits, and a 75% cut to its dividend for 2025.
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EXEC: New Kohl’s CEO Kicks Off Turnaround Effort; Sees Private Label as Key
Kohl’s Corporation looks to kick off on a significant and ambitious turnaround effort under new CEO Ashley Buchanan, focusing ...
Why Kohl’s worst stock drop on record may have been excessive
New Kohl’s CEO Ashley Buchanan has a “meaningful” opportunity to drive improvements at the retailer, says analyst firm ...
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 ...
Dollar General warns low-income Americans’ finances are getting worse
Low-income Americans’ financial condition has gotten worse over the last year and more shoppers are going without basic ...
Kohl’s Posts Another Tough Quarter With 6.7% Comp Sales Decline
This year, the company is projecting a 5 percent to 7 percent sales decline, with a 4 percent to 6 percent comp sales ...
Kohl's discounts could soon have fewer brand exclusions
Although many national brands have long been part of the Kohl’s Cash exclusions, the retailer excluded other brands that ...
Kohl’s Stock Keeps Falling as Wall Street Turns More Bearish
Key Takeaways Kohl’s shares slumped Wednesday, extending recent losses as Bank of America analysts suggested it could keep ...