Kohl’s CEO Says the Retailer Has Made Mistakes

WSJ What’s News

The Wall Street Journal

Daily News, News

4.1 • 4.2K Ratings

🗓️ 27 November 2024

⏱️ 12 minutes

🔗️ Recording | iTunes | RSS

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Summary

P.M. Edition for Nov. 27. WSJ retail reporter Suzanne Kapner explains how Kohl’s mistakes hurt sales and how the retailer is changing course. And megastar Taylor Swift is selling her new book exclusively at Target. Deputy bureau chief for our media team Melissa Korn talks about the unusual book deal. Plus, three Americans are on their way back to the U.S. after China released them from prison in a swap with the U.S. Tracie Hunte hosts. Sign up for the WSJ's free What's News newsletter. Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	You know what that is.
0:04.0	An ice cold beer.
0:07.0	What's different?
0:09.0	It's Budweiser.
0:11.0	Food longer for a refreshing, smooth taste.
0:15.0	Like no other.
0:20.0	Cheers to that. Budweiser, like no other Cheers to that
0:22.3	Budweiser
0:24.1	Like no other
0:25.3	Please drink responsibly
0:26.8	For the facts visit drinkaware.com.com.
0:32.6	Taylor Swift's new book is going on sale
0:35.0	exclusively at Target
0:36.3	giving the retailer a boost for the
0:38.6	holiday season. And Cole's CEO offers up a mea copa for the department store's recent strategy.
0:45.4	CEOs are paid to be right and they don't like to admit when they're wrong. So it is a bit
0:50.1	unusual to see a CEO really owning up to mistakes and promising to change direction.
0:55.6	Plus, China releases three Americans after years in prison there.
1:00.5	It's Wednesday, November 27.
1:02.6	I'm Tracy Hunt for the Wall Street Journal.
1:05.0	This is the PM edition of What's News, the top headlines and business stories that move the world today.
1:20.2	China Today released three Americans after years of imprisonment,
	...

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