Kohls (KSS) Stock

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.

Kohl's said comparable sales plummeted 9.3% in the third quarter. Apparel and footwear sales struggled despite strong performances for Sephora and other categories.

Kohl's Corp. has reported another disappointing earnings and revenue, and has confirmed a change at the helm. After posting its 11th consecutive quarter of comparable sales decline for the third quarter, Kohl's also lowered its full-year sales outlook.

In the days before Thanksgiving, retail investors want reasons to be hopeful—after all, we're about to enter the busiest shopping period of the year.

Kohl'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.

KSS' Q3 results show lower sales and earnings on weakness in the apparel and footwear sectors. Management lowers fiscal 2024 guidance.