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Fortune
Fortune
Phil Wahba

Investors like Kohl’s turnaround plan despite risk that cuts will hurt sales in the long run

Kohl Fortune Michael Bender Target Walmart
customers walking into and out of Kohl's store (Credit: Getty Images—Michael Siluk/UCG/Universal Images Group)
  • In today’s CEO Daily: Phil Wahba on the turnaround at Kohl’s.
  • The big story: Nvidia beats earnings expectations, but stock falls.
  • The markets: Mixed.
  • Plus: All the news and watercooler chat from Fortune.

Good morning. I’ve covered retail for more than 15 years now, so if there’s one thing I’m familiar with, it’s a once-beloved retailer trying for the umpteenth time to mount a turnaround. It can be done—see Walmart in the last decade and Target in the second half of the 2010s. But as I’ve been seeing at Kohl’s (No. 261 on the Fortune 500)—it’s extremely difficult. 

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