The Latest Breaking News from Kohl

Having too much inventory means better deals (in some cases) from these major retailers.

Kohl's is back to trying to bolster traffic in its stores with a new concept.

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Telsey Advisory Group analyst Dana Telsey has lowered the price target on Kohl's Corp (NYSE:KSS) to $35 (19% upside) from $55 and kept the Market Perform rating on the shares. Kohl's abandoned its negotiations with Franchise Group, considering the challenges in the current retail and financing environment. Also, the retail chain has cut its Q2 sales guidance on ongoing inflationary…

Amazon and Kohl's already work together and the online retailer could use the department store to grow its clothing brands.

Kohl's Corp. has called off its sale to Franchise Group Inc. amid rising interest rates and an uncertain economic environment that is having a chilling effect on deal making.

The Dow Jones strengthened in afternoon trading Friday, along with the Nasdaq, which was unfazed by a sell-off in semiconductor stocks.

The ISM Manufacturing Index dropped to 53.0 in a sign of weakness for the economy.

Kohl's Corp (NYSE: KSS) shares are trading sharply lower Friday after the company announced it's terminating talks with Franchise Group over a potential sale.

CNBC Why Kohl’s Shares Are Plunging Today

"Given the environment and market volatility, the Board determined that it simply was not prudent to continue pursuing a deal," said chairman Peter Boneparth.