Kohl's has slashed about 10% of its corporate workforce. The move comes weeks after the struggling retailer announced it would be closing 27 "underperforming" stores in 15 states by April.
Like other department stores, Kohl's has been struggling with patchy demand from bargain-hunting customers while spending on trendier clothing such as wide-legged jeans and logo-free shirts.
The previous Kohl’s CEO, Tom Kingsbury, downsized private-label brands, petite clothing sizes, and fine jewelry departments, replacing them with Sephora cosmetics and Babies “R” Us shops ...
Kohl’s is cutting its corporate workforce by 10%, the struggling Wisconsin-based company said. The retailer told FOX Business on Wednesday that closures of open positions will account for "more ...
Dillard's Capital Trust I 7.5% Pfd.-0.12% ...
The retail environment, already shaken by the closures of chains such as Big Lots and Party City, faces more closures with Kohl's announcing it will close 27 of its stores. The closures in 15 ...
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Wisconsin-based retailer Kohl's announced this week that 10% of roles reporting to the company's headquarters would be eliminated, according to a report from WTMJ. More than half of the cuts will ...