Kohl’s Corp. has reported yet another disappointing earnings and revenue quarter, and has confirmed a change at the helm, with a new CEO to takeover in the new year.

Chief executives rarely admit when they are wrong. But Kohl’s outgoing CEO Tom Kingsbury had no trouble this week owning up to mistakes that led to a steep drop in the retailer’s quarterly sales. Kohl’s scaled back popular private-label brands ...

Kohl’s Corp. shares plunged to the lowest level since 2020 after the company cut its full-year sales outlook, signaling that its turnaround efforts are fizzling in an increasingly difficult retail environment.