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Kohl's CEO Tom Kingsbury to step down
Kohl's Stock Tumbles After Weak Results, CEO Departure News
KEY TAKEAWAYS Kohl's stock is plummeting 17% in premarket trading after it reported weaker-than-expected third-quarter earnings Tuesday, the day after it announced that CEO Tom Kingsbury would stepping down after less than two years running the struggling retailer.
Kohl's Corp. reports 8.8% sales decrease. CEO Kingsbury to depart in January.
Kohl's expects sales to be down 7-8% for the year, which is the third quarter in a row the company has changed its expectation of its performance.
Kohl's CEO Tom Kingsbury to step down in January, to be replaced by Michaels CEO Ashley Buchanan
Kingsbury will remain with Kohl’s in an advisory role to Buchanan and stay on the board until he retires in May.
1h
Kohl’s shares tank 20% as CEO abruptly quits before crucial Black Friday kickoff
The Wisconsin-based company reported a same-store sales decline of 9.3% – its eleventh same-store sales decline in a row.
1h
Kohl's Corp. fiscal Q3 results miss analysts’ expectations; CEO change set for January
Our third quarter results did not meet our expectations as sales remained soft in our apparel and footwear businesses,” ...
Kiplinger
15h
Kohl's Stock Spirals on Earnings Miss, CEO Switch: What to Know
"Our third-quarter results did not meet our expectations as sales remained soft in our apparel and footwear businesses," said ...
2h
on MSN
5 Things to Know Before the Stock Market Opens
President-elect Donald Trump says he would enact a 25% tariff on products from Mexico and Canada on his first day in office, ...
2h
Sales slide continues at Kohl's, analyst calls results 'abysmal'
CEO Tom Kingsbury said a strong collective performance in growth areas were not enough to offset the company's decline in its ...
2h
Kohl's Q3 Misses The Mark: Weak Sales And CEO Shake-Up Send Shares Down
Kohl's reported Q3 earnings, with net sales down 8.8%, operating income at $98 million, and EPS of $0.20. CEO transition ...
40m
on MSN
Kohl’s Cuts Outlook as Rebound Effort Flails; Shares Tumble
Kohl’s Corp. shares plunged 16.6% in premarket trading on Tuesday after the company cut its full-year sales outlook, ...
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