10:17 AM EDT, 08/27/2025 (MT Newswires) -- (Updates with company response in the third paragraph.)

Kohl's (KSS) is seeking more time from some vendors to settle invoices as part of its payment strategy overhaul, Bloomberg reported Tuesday, citing people familiar with the matter.

The decision is part of the retailer's efforts of a turnaround plan as the industry navigates tepid consumer spending and supply chain roadblocks due to tariffs, according to the report.

In an emailed response to MT Newswires, Kohl's stated it regularly reviews its work to operate effectively and that it notified some vendors in March of plans to standardize payment terms, hoping the update would allow the company and its vendor community to work more efficiently together.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

Price: 16.13, Change: +3.09, Percent Change: +23.70