Kohl's Stabilizes with New CEO, Focuses on Store Productivity
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Kohls Department Stores Signal Stability: New CEO Focuses on Store Productivity, Boosting Sales and Digital Shopping
Kohls department store chain, which closed 27 stores last year, is signaling stability under new CEO Michael Bender. Instead of opening or closing stores, Bender is focusing on improving productivity at current locations. The company faces competition from Amazon and Ross Stores, but is working to boost in-store visits and digital shopping. Despite missing sales estimates, Kohls shares climbed over 3% on Thursday, showing investor optimism.
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