Kohl’s forecasts a smaller net sales decrease for FY25, now expecting 3.5% to 4% drop compared to 5% to 6%. Q3 FY25 saw $3.4bn in net sales, a 2.8% decline YoY, with operating income at $73m. Michael J. Bender appointed as CEO, focusing on reducing debt and strengthening the company financially.

Read more at Yahoo Finance: Kohl’s raises FY25 financial forecast, names Michael Bender as CEO