Kohl’s is slashing its corporate workforce as it scrambles to make up for mistakes like carrying less inventory and shrinking its fine-jewelry business
Less than 200 people were affected by the layoffs, but the company has also had dozens of store closures in the past year.
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Say Goodbye: Kohl’s Laying Off 10 Percent of Workforce + Shutting Down Stores Nationwide
The retail apocalypse that has been ongoing for a couple of years now has struck again. This time, the target is Kohl’s.
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Kohl's Corp. stock underperforms Wednesday when compared to competitors
Kohl's Corp. closed 55.41% short of its 52-week high of $29.60, which the company reached on April 1st.
Kohl's struggling with lower sales, job cuts and store closings. Here's an update
The Menomonee Falls-based retailer has been struggling to maintain a customer base and adapt to changing shopping trends.
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Kohl's cuts 10% of corporate workforce to improve profitability
Kohl’s said that it is cutting 10% of its corporate workforce as the struggling company works to improve profitability. It previously announced it would close 27 stores.