No, Kohl’s will not be open. Shoppers will have to wait until Black Friday to take advantage of the deals in-store. The department stores will be closed on Thanksgiving so that staff can stay home to celebrate with their families. This follows the company’s Thanksgiving celebration plans from last year.

To halt that slide, Bender needs buy-in from Kohl’s 87,000 employees, a workforce that has contended with four CEO changes in as many years and much chaos. (His predecessor, Ashley Buchanan, was fired in May after only four months for directing Kohl’s business to a company led by his romantic partner.)

Kohl's is hosting its "Lowest Prices of the Season" sale now through May 18. LOWEST PRICES OF THE SEASON: Kohl's is offering its "lowest prices of the season" now through May 18. Plus, for every $50 you spend, you'll earn $10 in Kohl's Cash. Shop the deals ...

Kohl’s Corp. significantly raised its outlook for the year after reporting third-quarter earnings topped expectations. Same-store sales slipped 2.7 percent following declines of 4.2 percent in the second quarter and 3.9 percent in the first quarter. Net sales decreased 2.8 percent to $3.4 billion, the analysts’ consensus estimate was $3.37 billion

Shares of department store chain Kohl’s (NYSE:KSS) jumped 8.1% in the afternoon session after the company appointed Michael Bender as its permanent chief executive and raised its full-year financial forecast after reporting better-than-expected third-quarter results.