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Kohl's shoppers are reportedly hoping the chain's new CEO can bring back some old favorites. The retailer appointed in November Michaels Companies CEO Ashley Buchanan to succeed CEO Tom Kingsbury, who stepped down last week.
Kohl's plans to close 27 underperforming stores by April. The retailer operates more than 1,150 locations across the US.
Twenty-seven "underperforming" Kohl's stores are set to shutter this spring. The company published a list of the locations late last week.
KSS will close a fulfillment center and 27 underperforming stores in 2025 amid ongoing challenges in the competitive retail market.
Kohl's has faced significant challenges in recent months during which it has seen leadership changes amid dismal earnings reports and economic headwinds.
During times of turbulence and uncertainty in the markets, many investors turn to dividend-yielding stocks. These are often companies that have high free cash flows and reward shareholders with a high dividend payout.
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.
During times of turbulence and uncertainty in the markets, many investors turn to dividend-yielding stocks. These are often companies that have high free cash flows and reward shareholders with a high dividend payout.
The holiday shopping season is the time of the year for retailers in the consumer discretionary sector to get in the black. While some retailers like RH NYSE: RH and Williams-Sonoma Inc. NYSE: WSM are the “haves” and are expected to have a strong holiday season, many retailers are the “have nots” and already presumed to have weak results.
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.