Kohl’s Corporation (NYSE: KSS) shares plunged 11% following a disappointing Q3 earnings report and a sharp downgrade of its fiscal 2024 outlook. The department store chain reported adjusted earnings per share of $0.20, significantly below analysts’ expectations of $0.31. Revenue declined 8.8% year-over-year to $3.51
Kohl’s Corporation (NYSE: KSS) shares plunged 11% following a disappointing Q3 earnings report and a sharp downgrade of its fiscal 2024 outlook. The department store chain reported adjusted earnings per share of $0.20, significantly below analysts’ expectations of $0.31. Revenue declined 8.8% year-over-year to $3.51
Kohl’s is getting a new CEO, its third since 2018. The off-mall department store’s current CEO Tom Kingsbury is stepping down effective Jan. 15. He will leave the position he held first on an interim basis starting in late 2022, and then permanently since early 2023. Michaels CEO
Kenneth Leech, the former co-chief investment officer of Western Asset Management Co, was charged by U.S. authorities on Monday with running a fraudulent “cherry-picking” scheme where he improperly favored some clients’ accounts over others when allocating trades. The U.S. Securities and Exchange Commission said that between
Dow Jones futures, along with S&P 500 and Nasdaq 100 futures, edged lower early Tuesday as investors remained cautious ahead of a pivotal week for the markets. Nvidia (NVDA), a key driver of the tech sector, continued its decline, shedding 4.2% Monday after a 3.2%
Dow Jones futures, along with S&P 500 and Nasdaq 100 futures, edged lower early Tuesday as investors remained cautious ahead of a pivotal week for the markets. Nvidia (NVDA), a key driver of the tech sector, continued its decline, shedding 4.2% Monday after a 3.2%
Dow Jones futures, along with S&P 500 and Nasdaq 100 futures, edged lower early Tuesday as investors remained cautious ahead of a pivotal week for the markets. Nvidia (NVDA), a key driver of the tech sector, continued its decline, shedding 4.2% Monday after a 3.2%
Dow Jones futures, along with S&P 500 and Nasdaq 100 futures, edged lower early Tuesday as investors remained cautious ahead of a pivotal week for the markets. Nvidia (NVDA), a key driver of the tech sector, continued its decline, shedding 4.2% Monday after a 3.2%
Walmart on Monday confirmed that it’s ending some of its diversity initiatives, removing some LGBTQ-related merchandise from its website and winding down a nonprofit that funded programs for minorities. The nation’s largest employer, which has about 1.6 million U.S. workers, joined a growing list of companies that
Spanish retailer Mango is embarking on a bold expansion plan in the U.S. as it looks to shed its fast-fashion image and position itself as a premium brand. The privately held company, headquartered in Barcelona, plans to open 42 new storefronts in the U.S. by the