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Retailer Kohl's forecasts bigger-than-expected drop in annual sales
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Retailer Kohl's forecasts bigger-than-expected drop in annual sales
Mar 11, 2025 4:23 AM

March 11 (Reuters) - Kohl's Corp forecast a

bigger drop in annual comparable sales than expected on Tuesday,

piling on more pressure on new boss Ashley Buchanan as he

engineers a turnaround at the U.S. department store chain

struggling with uneven demand.

The Menomonee Falls, Wisconsin-based company expects 2025

same-store sales to decline 4% to 6%, compared with estimates

for a 0.9% drop, according to data compiled by LSEG.

(Reporting by Savyata Mishra and Aamir Sohail in Bengaluru;

Editing by Sriraj Kalluvila)

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