Kohl's shares tumble on earnings miss, CEO to step down in January
Kohl's shares fell sharply on Tuesday after the company's earnings missed Wall Street estimates and following its announcement that CEO Tom Kingsbury will step down in January. The weak forecast underscores an uncertain holiday season for the retail sector ...
The Wisconsin-based company reported a same-store sales decline of 9.3% – its eleventh same-store sales decline in a row.
He replaces Tom Kingsbury, whose initial contract to lead the department store chain was set to expire in early 2025.
Yesterday, Kohl’s disclosed that CEO Tom Kingsbury will step down on January 15, 2025. He will remain in an advisory ...
The weak forecast underscores an uncertain holiday season for the retail sector, which could lean in favor of deal-heavy ...
CEO Tom Kingsbury said a strong collective performance in growth areas were not enough to offset the company's decline in its ...
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