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Kohl's Shares Plunge 20% Amid Holiday Sales Decline

3/12/2025

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Story summary
  • Kohl's Corp experienced a significant sales decline during the holiday quarter, causing shares to drop 20% to a near three-decade low.
  • New CEO Ashley Buchanan recognized internal challenges and aims to revitalize the brand and refine promotions.
  • The company anticipates a 4%-6% decrease in annual sales, with projected earnings per share ranging from 10 to 60 cents.