Kohl’s melaporkan penurunan penjualan di 1Q oleh Investing.com

Jill Timm: Thank you, Tom. As Tom mentioned, our first quarter performance did not meet our expectations, primarily due to the clearance headwinds from the previous year. Despite these challenges, we saw improvements in regular price sales, particularly in new categories and our partnership with Sephora. The 60% increase in sales from Sephora is a testament to the success of this collaboration. We are also excited about our upcoming launch of Babies\”R\”Us shops in the third quarter, which will further diversify our product offerings and attract new customers. Additionally, we are focused on optimizing our active and jewelry offerings to drive customer traffic and improve our financial position. We are confident in our strategic initiatives and remain committed to delivering value to our customers while maintaining a strong balance sheet. Our updated fiscal year guidance reflects a more conservative outlook, taking into account the challenging consumer environment and the uncertainties surrounding the CFPB legislation. We are actively addressing areas of opportunity, such as our active and jewelry businesses, and remain committed to achieving our long-term operating margins of 7-8%. We are optimistic about the future and believe that our strategic investments and operational optimizations will position us for long-term growth and success. Thank you for joining us today, and we look forward to continuing to update you on our progress.

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