Kohl's Stock News

Apparel and footwear sales remained soft in the third quarter, says outgoing CEO Tom Kingsbury.

Kohl's (KSS) shares are tumbling 17% in premarket trading Tuesday after the retailer posted weaker-than-expected quarterly results and lowered its outlook.

Kohl's stock tanks after yet another sales miss, as the retailer's core apparel and shoes businesses remain weak.

Kohl's cut its annual sales forecast for the third time this year on Tuesday, in a sign the department-store chain is struggling to draw in shoppers ahead of a deal-heavy holiday shopping season.

MENOMONEE FALLS, Wis.--(BUSINESS WIRE)--Kohl's Corporation (NYSE:KSS) today reported results for the third quarter ended November 2, 2024. Net sales decreased 8.8% and comparable sales decreased 9.3% Diluted earnings per share of $0.20 Updates full year 2024 financial outlook Kohl's Board announces CEO transition process Tom Kingsbury, Kohl's chief executive officer, said “Our third quarter res...

Kohl's (KSS) shares are falling 3.5% in premarket trading after the department store company said that Chief Executive Officer (CEO) Tom Kingsbury is stepping down after less than two years running the struggling retailer.

Kohl's surprise CEO departure announcement a day before its quarterly results will play on the minds of investors, who were looking out for a positive forecast from the struggling department store chain ahead of the key holiday shopping season.

Kohl's has appointed Michaels Companies CEO Ashley Buchanan to succeed its current CEO Tom Kingsbury when Kingsbury steps down on Jan. 15. Kingsbury will retain an executive advisory role and board seat through his retirement in May, the retailer said in a Monday (Nov. 25) press release.