Kohl’s saw sales decline in the latest quarter while its revised outlook for the year suggested a challenging upcoming holiday period, creating a challenging setup for its next chief executive.

Kohl’s Corp. trimmed its full-year sales outlook, citing weakness in its apparel and footwear businesses. The stock fell 11% in premarket trading in New York. The stock has declined 36% so far this year through Monday’s close,

(Ben Torres / Special Contributor) Irving-based Michaels is set to be under new leadership as its CEO prepares to move to retailer Kohl’s. Ashley Buchanan — who joined the company right before the pandemic in early 2020 — will step down from the arts ...

Kohl's on Tuesday forecast a bigger drop in annual sales than previously expected, a sign the department-store chain is struggling to draw in shoppers ahead of the promotion-heavy holiday shopping season.