Kohl's Corp. closed 55.41% short of its 52-week high of $29.60, which the company reached on April 1st.
The downsizing follows store closure plans and will mostly entail eliminating open roles, with layoffs impacting fewer than ...
The Menomonee Falls-based retailer has been struggling to maintain a customer base and adapt to changing shopping trends.
Kohl's said that it is shuttering 27 "underperforming" stores across the U.S. by April. One of them is in Massachusetts.
The reductions come two weeks after the new chief executive took the reins.