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

Quick Summary:

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

This job — and Kohl’s turnaround more broadly —will soon fall to Buchanan, and it will be a difficult one, according to Emarketer analyst Rachel Wolff.

And finally, the company’s move late last year to emphasize brand names over private labels also seems to have backfired.

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Article Details

Author / Journalist: Daphne Howland

Category: EconomyBusiness

Markets: United States

Topics: Inventory Kohl’s Brands Private Kingsbury Store Stores Apparel Sales Department “we

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-26 @ 12:42:00 (15 hours ago)

News Timezone: GMT +8:00

News Source URL: retaildive.com

Language: English

Article Length: 577 words

Reading Time: 4 minutes read

Sentences: 20 lines

Sentence Length: 29 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Retail Dive

News ID: 23894371

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