(Reuters) – Kohl’s Corp forecast a bigger drop in annual comparable sales than expected on Tuesday, piling on more pressure on new boss Ashley Buchanan as he engineers a turnaround at the U.S. department store chain struggling with uneven demand.
The Menomonee Falls, Wisconsin-based company expects 2025 same-store sales to decline 4% to 6%, compared with estimates for a 0.9% drop, according to data compiled by LSEG.
(Reporting by Savyata Mishra and Aamir Sohail in Bengaluru; Editing by Sriraj Kalluvila)