From Yahoo Finance: 2025-05-02 15:44:00

Telsey analyst Dana Telsey lowered Kohl’s Corporation (KSS) price forecast from $10 to $9, maintaining a Market Perform rating. The company terminated CEO Ashley Buchanan for cause and appointed Michael Bender as Interim CEO. Preliminary Q1 2025 results predict a comparable sales decline of 4.3%-4.0%, operating income of $40-45 million, and a loss of 20-24 cents per share.

Kohl’s has struggled to maintain market share against off-price retailers and e-commerce platforms like Amazon. Despite leadership changes, the retailer plans to continue Buchanan’s strategies under the interim CEO. New leadership will focus on stabilization as consumer recovery will take time. Investors can access the stock through FGD and RWJ ETFs.

KSS shares rose 4.37% to $7.53 following the news. The analyst highlighted the challenges Kohl’s faces despite the leadership change, citing market share losses and competition from other retailers. The company’s focus on curated assortment, value/quality, and a frictionless shopping experience will continue under new leadership.



Read more at Yahoo Finance: Analyst Highlights Challenges Despite Leadership Change