Kohl's shares tank 20% as CEO abruptly quits before crucial Black Friday kickoff

Kohl’s shares tanked more than 20% as the retailer reported plummeting sales and its chief executive abruptly quit — just days before the crucial Black Friday kickoff to the holiday season.The Menomonee Falls, Wisconsin-based department-store chain on Tuesday reported a same-store sales decline of 9.3% – its eleventh quarterly same-store sales decline in a row.The retailer also lowered its annual forecast for the third quarter in a row. Kohl’s now expects full-year net sales to decline between 7% and 8%, co ...