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Kohl's pulls full-year outlook, citing retail volatility and economic headwinds - CtrlF.XYZ

Kohl's pulls full-year outlook, citing retail volatility and economic headwinds

2 years ago 75

The Kohl's logo is displayed connected the exterior of a Kohl's store connected January 24, 2022 successful San Rafael, California.

Justin Sullivan | Getty Images

Kohl's connected Thursday withdrew its full-year outlook, pointing to volatility successful the retail situation and important macroeconomic headwinds, connected apical of its "unexpected CEO transition."

Earlier this month, Kohl's said Chief Executive Michelle Gass would permission successful December. She volition articulation Levi Strauss to beryllium its CEO successful waiting.

Kohl's reported 3rd 4th net connected Thursday, with gross dropping 7% to $4.28 billion.

Shares of the institution fell 4% successful premarket trading.

This communicative is developing. Check backmost for updates.

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