Reported about 6 hours ago
Kohl's unexpected announcement of CEO Tom Kingsbury's departure just before releasing quarterly results is causing concern among investors ahead of the crucial holiday shopping season. The retailer aims to reverse its struggles with attracting diverse customers as it approaches its eleventh consecutive quarter of sales decline. This leadership change, alongside unsettling news from competitors like Macy's, creates uncertainty for Kohl's as consumers gravitate towards discount giants like Walmart and Amazon.
Source: YAHOO