Kohl’s reduce its full-year gross sales outlook as the corporate now expects its 2024 comparable gross sales to fall between 6% and seven%, decrease than its earlier steering of a 3% to five% drop. The shop’s turnaround technique will now be turned over to Ashley Buchanan, who will take over as chief govt officer in January. Mary Ross Gilbert of Bloomberg Intelligence has extra on earnings reviews from Kohls and different retailers.
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