Kohl’s suffers major losses amid alarming consumer trend
The department store chain is sounding the alarm on a major problem.
Kohl’s (KSS) , one of the largest department store chains found in malls nationwide, has managed to stay afloat for six decades as many of its peers such as Century 21, Lord & Taylor and Barney’s New York have recently filed for bankruptcy and disappeared from malls across the country.
While Kohl’s has managed to survive the Covid-19 pandemic, which caused many retailers to go out of business, it had a rough conclusion to 2024.
