Kohl's reports Q1 2026 net loss of $14 million as department store sales decline
By
Patricia Battle
Toasted golden, schmeared with insight. Top of the rack.
Summary
Kohl's is struggling with declining sales and customer loyalty amid a broader downturn in department store retail. In Q1 2026, comparable sales fell ~1% year-over-year, operating income dropped ~23%, and the company posted a net loss of $14 million. In response, Kohl's is introducing major in-store changes to try to win back shoppers as consumer spending weakens across the sector.
Key quotes
· 3 pulledKohl's continues to struggle to capture consumer spending as department store chains nationwide see weaker demand.
Kohl's is introducing major in-store changes to regain customers after its sales and earnings have failed to meaningfully improve in recent months.
In the first quarter of 2026, Kohl's saw its comparable sales decrease by roughly 1% year over year, while its operating income declined by about 23%.
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