WISCONSIN – Kohl’s is slicing dozens of positions Wednesday, the corporate confirmed in a press release to Spectrum Information 1.
“Immediately, components of the Kohl’s group are being restructured to drive larger effectivity in our operations. This effort, which primarily impacts the Advertising and marketing and Merchandising groups, restructures a number of roles and management roles, together with the elimination of lower than 60 positions,” stated Jen Johnson. , Kohl’s senior vice chairman, company communications.
The place is primarily held at Kohl’s company headquarters, based mostly in Menomonee Falls, Wis.
“We take this resolution very severely and supply a aggressive severance bundle and outplacement companies to all these affected. We recognize the various contributions of our affected companions and we thank them for his or her dedication and repair to Kohl’s,” Johnson stated.
The corporate’s CEO, Michelle Gass, left Kohl’s in December 2022. Tom Kingsbury presently serves as interim-CEO. Gass took over as president of Levi Strauss & Co. on the peak of 2023.
The corporate has but to launch its 2022 fourth quarter numbers. On the finish of the third quarter, the corporate reported a “lower in comparable gross sales [of] 6.9%” and “lower in internet gross sales [of] 7.2%”.