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The news comes as CNN reports Kohl's stock has fallen roughly 40% over the past six months, as many brick-and-mortar department stores across the country struggle to stay open.
Shares of Kohl’s (NYSE:KSS) stock are up 31% today on media reports that private equity firm Sycamore Partners is preparing a $9 billion U.S. takeover offer for the retailer. Source: Sundry ...
Shares of the department-store chain fell after its holiday-quarter guidance didn't meet expectations.
Kohl’s is closing 27 stores across more than a dozen states as the struggling retailer looks to improve profitability. ... Kohl’s stock have fallen nearly 40% over the ... For more CNN news ...
Kohl’s is not the only department store chain that has struggled in recent years. More than 7,300 retail stores closed last year, a 57% increase from 2023, according to Coresight Research.
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For the full year 2023, Kohl's expects a net sales decline of between 2% and 4%. Operating margin is expected to come in at 4% while adjusted earnings per share are expected to be in the range of ...
Kohl's (KSS) closed at $58.16 in the latest trading session, marking a -1.76% move from the prior day.