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Kohl’s had a disappointing fourth quarter, with net sales dropping nearly 10%. Earlier this year, the department store ...
That same month, he led a round of layoffs and reduced Kohl’s corporate workforce by 10%. Kohl’s on Tuesday said it is continuing the cost-cutting campaign by slashing its quarterly dividend ...
He could not immediately be reached for comment. During his brief tenure, Kohl’s carried out some cost-cutting measures, including layoffs at its corporate headquarters and the closure of 27 ...
Kohl's will close 27 underperforming stores across the US on Saturday, March 29. The closures are part of a company transformation that includes corporate layoffs and the end of Amazon returns in ...
After announcing plans to close several "underperforming" stores and cut 10% of its corporate workforce, Kohl's is testing its partnership with Amazon. The Wisconsin-based retailer has stopped ...
“When I toured stores, all I heard was how much [people] love Kohl’s, but I realized that we are kind of making it hard for them to love us. I just knew that we could do better. And I think the ...
The layoffs arrive as Joann's announced this week ... with 40.22 percent being one to 30 days late in April. In California, Kohl's will be laying off the same range of 500 to 1,000 employees ...
Since taking charge in January, he has rolled out layoffs and store closures. Kohl's stock was trading at $9.66. It has lost roughly 80% of its value in the last three years. "The company needs to ...