Traffic, sales and profits declined in Q3, and the department store is reversing course in some areas after its tactics backfired.

retaildive.com

Amid setbacks in its turnaround, Kohl’s lowers guidance again

Kohl's has Sephora outlets in more than 1,000 stores.Scott Olson/Getty ImagesKohl's said comparable sales plummeted 9.3% in the third quarter.Apparel and footwear sales struggled despite strong performances for Sephora and other categories.Growth in revenue from beauty sales at Sephora was one of the few rays of hope.Kohl's continues to fight an uphill battle after sales tumbled following missed opportunities, a decline in footfall, and an overr…

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Business Insider

United States

Kohl's vows 'aggressive action' to reverse sliding sales following a 'frankly disappointing' quarter

​[[{“value”:” 
This audio is auto-generated. Please let us know if you have feedback.   Dive Brief: 
Kohl’s Q3 net sales fell 8.7% year over year to $3.5 billion, with comps down 9.3%, according to financial filings Tuesday. On Monday the department store announced that it had named Michaels CEO Ashley Buchanan to replace Tom Kingsbury as CEO, effective Jan. 15.  
Gross margin in Q3 expanded 20 basis points to 39.1%. Inventory was down 3%. Opera…

RetailWit

Amid setbacks in its turnaround, Kohl’s lowers guidance again – RetailWit

Menomonee Falls-based Kohl’s Corp. had another disappointing quarter with net sales and comparable sales falling 8.8% and 9.3%, respectively, compared to last year. “Sales have been a challenge for us in 2024 and weakened further in Q3,” said outgoing CEO Tom Kingsbury during the company’s third quarter earnings conference call Tuesday. Kohl’s announced Monday that […]

BizTimes Media Milwaukee

Kohl's struggles through third quarter, looks to refocus on 'core business'

Kohl’s is taking a more conservative financial outlook for the remainder of the year after an underwhelming third quarter.

Home Textiles Today

New businesses pop, but core departments still a drag at Kohl’s

Kohl’s (NYSE:KSS – Get Free Report) was downgraded by Robert W. Baird from an “outperform” rating to a “neutral” rating in a research note issued on Wednesday,Briefing.com Automated Import reports. They currently have a $18.00 target price on the stock, down from their previous target price of $25.00. Robert W. Baird’s price target would indicate a potential upside of 18.15% from the company’s current price. Several other brokerages also recentl…

modernreaders.com

Kohl’s (NYSE:KSS) Downgraded by Robert W. Baird to “Neutral”

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The Business Times

Kohl's: Weak Q3 Results Make Shares A Likely 'Value Trap' (Downgrade) (NYSE:KSS)

Kohl's Corporation (KSS) has significantly lowered its annual sales forecast, signaling ongoing struggles to attract shoppers amidst a pivotal CEO transition and an increasingly competitive holiday shopping environment. The company's shares plummeted by 20% in early trading after it revealed third-quarter results that fell short of expectations. Outgoing CEO Tom…

Amid setbacks in its turnaround, Kohl’s lowers guidance again

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