Kohl's says final sale bids expected in coming weeks; retailer slashes full-year outlook after earnings miss - CNBC

5/19/2022 12:00:00 AM2 years 11 months ago
by Lauren Thomas
by Lauren Thomas
Kohl's joins a growing list of major retailers that have seen logistics and staffing expenses eat into profits amid 40-year-high inflation.
Kohl's on Thursday said final and fully-financed bids from potential buyers are expected in the coming weeks, as the retailer faces heightened pressure from activists to sell. Chief Executive Office… [+3354 chars]
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