American retailer Kohl’s Q1 sees progress despite 4.1% sales decline

Kohl’s has reported net sales of $3 billion in Q1 FY25, down 4.1 per cent YoY, with comparable sales down 3.9 per cent.
Operating income rose to $60 million, while net loss narrowed to $15 million.
Gross margin improved to 39.9 per cent and SG&A expenses declined.
CEO Bender expressed optimism as he assumed leadership.
FY25 outlook includes a 5–7 per cent sales decline and capex of $400–$425 million.Read More