Kohl’s Corp. reported first-quarter results Thursday morning that CEO Michelle Gass called “below our expectations” after revealing Wednesday evening that its chief marketing officer and chief merchandising officer both were leaving the company for undisclosed reasons.
The Menomonee Falls-based retailer (NYSE: KSS) said its revenue decreased 4.4% from the first quarter of 2021 announced earnings that fell far short of analyst estimates. Meanwhile the company updated its strategic-review process, saying that “actionable bids” will be due “in the coming weeks” from any prospective suitors interested in buying Kohl's…..
See full article: https://finance.yahoo.com/m/7a3d0bc0-caa4-3541-90d6-393b654280da/kohl-s-results-below.html
Kohl’s KSS Chief Marketing Officer & Chief Merchandising Officer resigned yesterday ahead of earnings today. KSS missed earnings estimates due to a tough sales environment as well as higher costs. How much further do you think $KSS (-13% YTD) will fall?
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