Despite some green shoots, the new CEO of Kohl's faces a tough slog to win back its AWOL shoppers [Fortune]
TJX Companies, Inc. (The) (TJX)
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Source: Fortune
The deterioration of the retailer's net sales is finally slowing. Recommended Video Now for the bad news: Kohl's business is still bleeding. And to stop the downward spiral it finds itself in, the department store will have to make big moves that may deprive its employees of some of the stability they crave. On Monday, Kohl's announced that long-time board member Michael Bender would become its CEO after six months in the role on an interim basis following the firing of his predecessor for major ethics violations. And on Tuesday, the department store chain reported that sales had slipped a less-than-expected 2.8% to $3.41 billion in its third quarter. It now expects them to fall 3.5% to 4% for the full fiscal year—a smaller drop than previously anticipated. Kohl's shares rose 35% on those signs of progress. Bender has also protected Kohl's profit margins by deftly managing inventory levels and cutting costs. All good and well. But Bender's real job has to be to win shoppers ba
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News
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- TJX Companies (NYSE:TJX) had its price target raised by analysts at Robert W. Baird from $160.00 to $165.00. They now have an "outperform" rating on the stock.MarketBeat
TJX
Earnings
- 11/19/25 - Beat
TJX
Sec Filings
- 12/2/25 - Form 10-Q
- 11/21/25 - Form 144
- 11/21/25 - Form 4
- TJX's page on the SEC website