Kohl’s had an even worse quarter than Wall Street expected with net sales plummeting nearly 10% in the aftermath of layoffs and store closures
Kohl’s had a disappointing fourth quarter, with net sales dropping nearly 10%. Earlier this year, the department store chain ...
Kohl’s shares plunge 22% on weak sales forecast, new CEO warns turnaround will take ‘some time’
Kohl’s on Tuesday forecast weaker-than-expected sales and its new chief executive warned that a turnaround will take “some ...
Kohl's Corp. sales decline 7.2% in 2024. Profit down sharply for the quarter and year.
Kohl's Corp. sales declined 9.4% during the pivotal fourth quarter of 2024 and overall sales were down 7.2% for the year, the ...
Kohl's shares slump as downbeat annual sales forecast casts shadow on turnaround
Kohl's Corp forecast a bigger drop in annual comparable sales than expected on Tuesday, piling on more pressure on new boss ...
Retail Layoffs Surge As Retailers Adjust To Mounting Economic And Profitability Pressures
Retail job outlook is bleak as retailers have announced over 45,000 layoffs to date, nearly 7 times more than last year, and ...
Kohl’s downbeat annual sales forecast casts shadow on turnaround, shares tumble
Kohl’s (NYSE: KSS) joins larger rival Macy’s (NYSE: M) and big-box retailers Walmart (NYSE: WMT) and Target in tempering ...
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The list of major companies laying off staff this year, including Porsche, Wayfair, Starbucks, and Meta
Layoffs and other workforce reductions are continuing ... and "execution issues." Department store Kohl's announced on January 28 that it reduced about 10% of its corporate roles to "increase ...
South African lender Absa forecasts mid-single digit revenue growth
South African lender Absa Group on Tuesday posted a 10% rise in annual profit from a year earlier and a final dividend of 775 ...
Trump reverses course, won't double tariffs on some Canada imports: Updates
Trump previously said he would increase from 25% to 50% tariffs for Canada after Ontario said it would raise electricity prices on U.S.
News Highlights: Top Company News of the Day - Tuesday at 11 PM ET
The German sporting-goods company forecasts sales should rise in the low- to mid-single-digit percentage range on a currency-adjusted basis this year. The company had reported 4.4% sales growth to ...