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Salesdecline

All articles tagged with #salesdecline

business1 year ago•2 min saved

Kohl's Faces Leadership Shakeup Amidst Declining Sales and CEO Exit

Kohl's is undergoing a leadership change as CEO Tom Kingsbury steps down, to be replaced by Ashley Buchanan, amid declining sales and stock value. Despite partnerships with Amazon and Sephora, Kohl's has faced 11 consecutive quarters of sales decline, leading to concerns about its future. The retailer's struggles are likened to the decline of Sears, with criticisms of high prices and ineffective promotions. The new leadership aims to reverse these trends, but skepticism remains about the company's ability to recover.

via The Daily Dot|

#amazon #business #kohls

business1 year ago•1 min saved

Yum Brands' Earnings Disappoint as Sales Decline at KFC and Pizza Hut

Yum Brands reported lower-than-expected earnings and revenue for the third quarter, with same-store sales declines at KFC and Pizza Hut contributing to the shortfall. The company's earnings per share were $1.37, missing the expected $1.41, and revenue was $1.83 billion, below the anticipated $1.90 billion. KFC's U.S. sales fell 5%, while Pizza Hut's international sales dropped 6%. In contrast, Taco Bell saw a 4% increase in same-store sales, bolstered by its strong value perception among consumers.

via CNBC|

#business #earnings #kfc