A pair of shoppers arrive at a Kohl’s, Nov. 26, 2021, in Everett, Mass. The department store chain said it aims to increase sales by a low-single-digit percentage annually, with plans to open 100 new small-format stores in the next four years and expand its Sephora-branded shops to 850, among other moves. Kohl’s announced its long-term goals on Monday, March 7, 2022 ahead of the company’s annual investor meeting as it faces increasing pressure from activist investors. (JOSH REYNOLDS/AP)
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