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Kohl's CEO Tom Kingsbury to step down

Hosted on MSN · 21m

Kohl's Stock Tumbles After Weak Results, CEO Departure News

KEY TAKEAWAYS Kohl's stock is plummeting 17% in premarket trading after it reported weaker-than-expected third-quarter earnings Tuesday, the day after it announced that CEO Tom Kingsbury would stepping down after less than two years running the struggling retailer.

Milwaukee Journal Sentinel on … · 10m

Kohl's Corp. reports 8.8% sales decrease. CEO Kingsbury to depart in January.

Kohl's expects sales to be down 7-8% for the year, which is the third quarter in a row the company has changed its expectation of its performance.

NBC News · 16h

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.

10mon MSN

Kohl’s Cuts Outlook as Rebound Effort Flails; Shares Tumble

Kohl’s Corp. shares plunged 16.6% in premarket trading on Tuesday after the company cut its full-year sales outlook, ...

2h

Sales slide continues at Kohl's, analyst calls results 'abysmal'

CEO Tom Kingsbury said a strong collective performance in growth areas were not enough to offset the company's decline in its ...

2h

Kohl's Q3 Misses The Mark: Weak Sales And CEO Shake-Up Send Shares Down

Kohl's reported Q3 earnings, with net sales down 8.8%, operating income at $98 million, and EPS of $0.20. CEO transition ...

1hon MSN

Kohl’s Cuts Sales Outlook on Weaker Spending on Clothes, Shoes

Kohl’s Corp. trimmed its full-year sales outlook, citing weakness in its apparel and footwear businesses. The stock fell 11% ...

13hon MSN

Kohl’s is bringing aboard a new, digitally-focused CEO. Its shares are falling.

Kohl’s Corp. on Monday said Tom Kingsbury would step down as its chief executive in January and that it would bring aboard a ...

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