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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 the department-store chain fell after its holiday-quarter guidance didn't meet expectations.
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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Kohl's stock was up more than 2% as of midday trading Thursday. ... Click here for the latest stock market news and in-depth analysis, including events that move stocks ... USA TODAY Sports.
Kohl's (KSS) closed the most recent trading day at $25.70, moving +0.63% from the previous trading session.
In pre-market trading Monday, Kohl’s stock soared over 30 percent, or $15, to about $62, from Friday’s closing price of $46.84. “The Kohl’s board of directors will determine the course of ...
Kohl’s Corp. has some strong words for the activist shareholders stepping up pressure on the retailer for dramatic change. On Tuesday, Macellum Advisors sent a letter to shareholders criticizing ...