Kohl’s Corporation Stock Slides Nearly 10% as Gas Prices Test Its Turnaround
Kohl's Corporation tumbled late Monday, sliding roughly 9.8% to $13.09 and hitting an intraday low of $12.88. The selloff came as the department-store chain faced fresh pressure from tighter household budgets, even as the broader U.S. market eked out small gains. Fuel prices are back in focus, putting pressure on retailers that depend on shoppers’ willingness to spend on nonessentials. According to a StockStory report featured on TradingView, Kohl’s shares dropped as investors grew uneasy—rising gas costs could eat into the cash consumers have left for things like clothing and home goods.
