Kohl’s shares plunge 22% on weak sales forecast

Kohl’s forecasted weaker sales for 2025, with a decrease of 5% to 7%, causing shares to drop 22%. New CEO Ashley Buchanan warned of a lengthy turnaround, aiming to add affordable products and recover lost demand. The retailer reported a profit decline in the last quarter, with a 9.4% sales drop and reduced dividend.

Full Article