Kohl's news and archive

Kohl's navigates sales dip with improved gross margin in Q3 2025

Kohl's Corporation reported a decrease in net sales for the third quarter of fiscal 2025, but managed to improve its gross margin. The company is maintaining a focus on its 2025 initiatives amidst an uncertain macroeconomic environment. For the third quarter ended November 1, 2025, net sales decreased 2.8 percent year-over-year to 3.4 billion...

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Michael J. Bender confirmed as permanent CEO of Kohl's

Kohl’s Corporation announced that its board of directors has unanimously appointed Michael J. Bender as chief executive officer, effective November 23, 2025. Bender, who has served as interim CEO since May 1, 2025, will continue to serve on the company’s board. Board chair John Schlifske praised Bender’s leadership during his interim tenure,...

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Kohl’s Q2 performance comes ahead of expectations amid turnaround plan

Progress has been made with the turnaround strategy of Kohl’s. The US retail giant reported a “sales performance that came in ahead of our expectations” for the second quarter, interim CEO, Michael Bender, said. “While it is clear that these initiatives are beginning to resonate with our customers, our team remains focused on delivering...

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Kohl’s appoints a new chief technology officer

US department store chain Kohl’s has named Steven Dee as its new chief technology officer. Dee, who has more than 25 years of experience in technology and a track record of driving results, scaling technology teams, and delivering innovative tech solutions, will join Kohl’s executive leadership team on August 25 and will report directly to...

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Kohl's Q1 sales down, but profitability metrics improve

Kohl's first quarter results for the 13-week period ended May 3, 2025, show a narrowed net loss despite a decrease in sales. The retailer reported net sales of 3 billion dollars, down 4.1 percent year-over-year, with comparable sales also declining by 3.9 percent. Michael Bender, Kohl’s interim CEO, said, “Our first quarter performance was ahead...

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Kohl's board terminates CEO Ashley Buchanan; appoints Michael Bender as interim CEO

Department store chain Kohl's Corp. (KSS) announced Thursday that the Board of Directors has decided to terminate chief executive officer Ashley Buchanan for cause after an investigation conducted by outside counsel and overseen by the Audit Committee of the Board determined Buchanan violated company policies. Buchanan was found to have directed...

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Kohl's negative Q4 performance signals turnaround woes

Department store chain Kohl's reported a significant downturn in its fourth-quarter performance, signalling ongoing challenges in its turnaround strategy. Net sales plummeted by 9.4 percent, while comparable sales declined by 6.7 percent. Earnings per share (EPS) dropped to 95 cents for the quarter under review. Despite initiatives implemented...

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Unwrapping in 2025 - Leadership overhauls beckon fresh beginnings: The turnaround strategies of new CEOs

2024 seemed to take shape as a period of transition for many of the industry’s biggest players as they looked to swiftly, yet effectively, turn around lacklustre financials and return to growth, profitability or both. To lead such strategies, many took to overhauling their leadership teams, naming new CEOs in the process who have come in guns...

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Kohl’s posts sales and earnings decline

Kohl’s third quarter net sales decreased 8.8 percent to 3.5 billion dollars and comparable sales decreased 9.3 percent. Gross margin was 39.1 percent, an increase of 20 basis points, operating income dropped to 98 million dollars and net income declined to 22 million dollars or 20 cents per diluted share. The company said in a release that Kohl’...

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Kohl’s names Ashley Buchanan its next CEO

US department store chain Kohl’s has outlined its chief executive officer transition plan as its current head, Tom Kingsbury, confirms his intention to step down from January 15, 2025. Kingsbury will be succeeded by Ashley Buchanan, but will stay on in an advisory role and retain his position on the board of directors through to his retirement...

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Abercrombie & Fitch, Kohl's Q2 results top estimates

U.S. retailers Abercrombie & Fitch Co. (ANF) and Kohl's Corp. (KSS) reported on Wednesday results for the second quarter that topped analysts' estimates, with Abercrombie & Fitch raising its outlook for the full-year 2024, while Kohl's slashed its adjusted earnings and sales growth guidance for fiscal 2024. Following the results, Abercrombie &...

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Kohl’s Q1 sales down 5.3 percent, net loss widens

First quarter net sales at Kohl’s decreased 5.3 percent to 3.2 billion dollars and comparable sales decreased 4.4 percent. The company said that regular price sales increased 2.4 percent with clearance impacting overall comp by more than 600 basis points. Commenting on the first quarter update, Tom Kingsbury, Kohl’s chief executive officer, said...