Low- to Middle-Income Shoppers Still Feel Stressed: Kohl's CEO -- Market Talk

Dow Jones03-10 21:58

0957 ET - Shoppers are behaving differently amid a challenging macroeconomic environment, Kohl's CEO Michael Bender says. "We note our core low- to middle-income customers continue to face financial pressure, and they are seeking value," he says on a call with analysts. "As we expect this customer behavior to persist, we are adapting our strategies to ensure we are delivering great value to better serve this customer." The department-store chain has taken immediate action to address the shift, and it will continue to progress its turnaround strategy this year by exiting unproductive offerings in order and increasing investments in categories with higher returns. Shares rise 7.6%. (connor.hart@wsj.com)

(END) Dow Jones Newswires

March 10, 2026 09:58 ET (13:58 GMT)

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Shares rise 7.6%. 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Shares rise 7.6%. 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