Ending sales discussions with Franchise Group, Kohl’s lowers expectations
Kohl’s said the retail environment has deteriorated since it began bidding. Company also lowered its second-quarter outlook, citing weaker consumer spending. Activist investors have pressured it for months to sell and reorganise its board. Kohl’s said the retail environment has deteriorated since it began bidding. The company also lowered its second-quarter outlook, citing weaker consumer … Read more