Kohls (KSS) Company Overview

Kohl's said on Tuesday it has reduced nearly 10% of its corporate workforce, as the department store chain aims to improve profitability.

Kohl's shoppers are reportedly hoping the chain's new CEO can bring back some old favorites. The retailer appointed in November Michaels Companies CEO Ashley Buchanan to succeed CEO Tom Kingsbury, who stepped down last week.

Twenty-seven "underperforming" Kohl's stores are set to shutter this spring. The company published a list of the locations late last week.

After the market closed on Wall Street, Market Domination Overtime hosts Julie Hyman and Josh Lipton discussed what investors can expect next week. Major banks like JPMorgan Chase, Wells Fargo, and Goldman Sachs will report their earnings, along with companies like KB Homes and UnitedHealthcare. Additionally, Kohl's CEO Tom Kingsbury will resign in January 2025, with Ashley Buchanan taking over, and new economic data will be released, including the Producer Price Index on January 14 and the Consumer Price Index on January 15.

Kohl's has faced significant challenges in recent months during which it has seen leadership changes amid dismal earnings reports and economic headwinds.

Jan Kniffen, CEO of J. Rogers Kniffen WWE, joins CNBC's 'The Exchange' to discuss outlooks on the Nordstrom move to go private, expectations for M&A, and more.

Jenny Harrington, CEO at Gilman Hill Asset Management, joins CNBC's "Halftime Report" to explain why she's getting out of the struggling retailer. The Committee discuss other retail names.

I maintain a hold rating on Kohl's Corp due to persistent poor demand. 3Q24 results showed an 8.5% revenue decline, with same-store sales growth at -9.3% y/y, leading to a 63% drop in EPS. The macro environment and intense promotional activities are expected to continue hindering KSS's growth, with no substantial sales improvement in sight.

When Kohl's Corp. on Monday announced it was getting a new chief executive next year, investors got suspicious. On Tuesday, the department-store chain confirmed those suspicions, reporting results that missed expectations and sending shares sharply lower.