Kohl’s Corporation Stock Slides Nearly 10% as Gas Prices Test Its Turnaround
Kohl’s shares fell 9.8% to $13.09 late Monday, underperforming a rising U.S. market, as investors reacted to higher gas prices squeezing household budgets. AAA reported average U.S. gas at $4.52 a gallon, up more than $1 from last year. Target and Walmart also declined, though less sharply. Kohl’s recently forecast flat to down sales for fiscal 2026.