Two Kohl’s executives depart ahead of retailer’s earnings report

two-kohl’s-executives-depart-ahead-of-retailer’s-earnings-report

Kohl’s Corp. KSS, -11.02% said in a filing late Wednesday that two executives, Chief Marketing Officer Greg Revelle and Chief Merchandising Officer Doug Howe, are departing, without elaborating further. Revelle leaves on June 1, while Howe’s departure is effective immediately, the embattled retailer said. Kohl’s stock fell more than 4% in the extended session Wednesday after ending the regular trading day down 11%. The retailer is slated to report quarterly earnings on Thursday, with analysts polled by FactSet expecting adjusted earnings of 69 cents a share on revenue of $3.7 billion. Kohl’s shareholders last week voted to re-elect all 13 members of its board, rejecting calls from activist investors Macellum Advisors GP, LLC to overhaul the board.

Source: Marketwatch

Related Posts