Kohl’s CEO reveals its ‘shortsighted’ decisions will be reversed – but doubles down on his ‘strategy’ for home goods ...Middle East

Kohn’s outgoing CEO Tom Kingsbury has owned up to his mistakes by admitting that two strategic moves have failed to attract customers, arguing “it’s up to us to fix it”. While CEOs rarely admit they have done anything wrong, Kingsbury this week had no trouble taking responsibility for a steep decline in Kohl’s quarterly sales. Wikimedia CommonsKohl’s CEO Tom Kingsbury will leave the company in January following a sales slump[/caption] GettyDepartment stores including Kohl’s have been struggling to compete with online retailers such as Amazon[/caption] According to the Wall Street Journal, Kingsbury told analysts on Tuesday that a 9.3% drop in sales could be blamed on hi

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Kohl’s CEO reveals its ‘shortsighted’ decisions will be reversed – but doubles down on his ‘strategy’ for home goods ...Middle East

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