Wednesday, May 20, 2020

Kohl’s CEO says this is the ‘low point’ of 2020, as margins take a hit from coronavirus

Kohl’s Chief Executive Michelle Gass anticipates the worst is behind her business, as the retailer reported a quarterly net loss on Tuesday, hit hard by the coronavirus pandemic.

“I think this is the low point of the year,” Gass said in a phone interview. “For half the quarter, our stores had no sales.” . . . more