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Kohl’s announced it’s making layoffs in its corporate division, amounting to “less than 200” employees. This comes after the Fortune 500 retailer closed dozens of stores this year.
Kohl's has slashed about 10% of its corporate workforce. The move comes weeks after the struggling retailer announced it would be closing 27 "underperforming" stores in 15 states by April.
This photo says a lot on Kohl's not being viewed as a top destination for travel clothing and accessories. A shopper inspects a 50% off suitcase at Kohl's. (Brian Sozzi/Yahoo Finance) (Brian Sozzi)
In 2013, Gass joined department store Kohl's as chief customer officer, and in 2015 became the company's chief merchandising and customer officer. [10] In 2017, she was promoted to CEO-elect. [11] In May 2018, Gass officially became Kohl's CEO. [10] In 2018, Gass was named to Fortune magazine's list of most powerful women. [12]
In 2008, Buchman announced that she would be discontinuing her higher priced line to design exclusively for Kohl's. In 2011, Liz Claiborne sold the Dana Buchman brand to Kohl's. Kohl's carried the line until 2020, when it dropped the line along with seven other women's brands in a move toward activewear. [3]
During the second quarter, Kohl’s Corp. saw the early signs of a potentially serious trend. Sales in its women’s business “went backwards."
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And if you’re a Kohl’s fan, make sure you also check out some guilty pleasures you should pick up there this fall! Women’s Lee Faux-Leather Biker Jacket Regular Price : $159.90