Reported about 18 hours ago
Kohl's attempts at a turnaround have faltered, with a reported 9.4% drop in Q4 revenue and a 6.7% decline in same-store sales compared to last year. The company's 2025 outlook predicts further sales declines and earnings well below expectations, leading to a 24% drop in stock price. New CEO Ashley Buchanan acknowledges the challenges ahead, while investors express skepticism over the effectiveness of ongoing turnaround strategies.
Source: YAHOO