Retail Earnings Recap: Kohl’s Cuts Full-Year Sales Outlook
November 26, 2024
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2:58Now PlayingRetail Earnings Recap: Kohl’s Cuts Full-Year Sales Outlook
YouTube Description
as posted by the channelKohl’s cut its full-year sales outlook as the company now expects its 2024 comparable sales to fall between 6% and 7%, lower than its earlier guidance of a 3% to 5% drop. The store’s turnaround strategy will now be turned over to Ashley Buchanan, who will take over as chief executive officer in January. Mary Ross Gilbert of Bloomberg Intelligence has more on earnings reports from Kohls and other retailers.
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