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Kohl’s Corporation (NYSE: KSS) reported a narrower net loss for the first quarter of 2025. The department store chain’s net sales decreased 4% in Q1. Net sales declined 4% year-over-year to $3.0 billion in the first three months of fiscal 2025. Comparable store sales dropped 3.9%. The company reported a net loss of $15 million … Read more
Kohl’s Corp. is considering cutting ties with the search firm that helped recruit its last chief executive officer, who the company fired just months into his tenure. Most major search firms offer a guarantee to do a second search if the initial placement goes haywire within the first year. Kohl’s isn’t sure it wants to … Read more
The drama at Kohl’s continues. Just days after CEO Ashley Buchanan was fired over striking a “highly unusual” deal with a vendor he had a personal relationship with, a board member has resigned. Christine Day, who previously served as CEO of athletic wear company Lululemon, filed her resignation letter on May 5, just four days after … Read more
Kohl’s Corp. said on Friday the recent departure of a board director was related to a disagreement with the company — an abrupt change in stance from a day earlier and the latest sign of turmoil at the beleaguered retailer. In a filing Friday, Kohl’s said the resignation of Christine Day from its board … Read more
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That didn’t take long. Kohl’s once again is looking for a CEO to end its year-long decline after the struggling department store retailer fired Ashley Buchanan only three and a half months into the job. An internal investigation found that Buchanan was steering contracts to a business owned by someone with whom he has an … Read more
One retail expert says Kohl’s problems stem from a “lack of identity and muddled strategy.” Read More
© 2025 Fortune Media IP Limited. All Rights Reserved. Use of this site constitutes acceptance of our Terms of Use and Privacy Policy | CA Notice at Collection and Privacy Notice | Do Not Sell/Share My Personal InformationFORTUNE is a trademark of Fortune Media IP Limited, registered in the U.S. and other countries. FORTUNE may receive … Read more
Department store chain Kohl’s Corporation (NYSE: KSS) reported a sharp fall in net income for the fourth quarter of 2024, hurt by a decrease in sales. Net sales declined 9.4% year-over-year to $5.18 billion in the final three months of fiscal 2024. Comparable store sales dropped 6.7% in the fourth quarter. Net income for the … Read more
Less than 200 people were affected by the layoffs, but the company has also had dozens of store closures in the past year. Read More
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