[…] In May, Kingsbury, who assumed leadership in February following a disappointing Q4 2022, outlined a series of initiatives that the retailer focused on during Q1 and intends to develop further throughout the year. Kingsbury highlighted that the increase in in-store traffic and higher units per transaction “more than offset a lower average ticket driven by our clearance actions.” However, Chief Financial Officer Jill Timm pointed out, “Net sales were down 3.3%. Store sales were up low single-digit percent, driven by strong Sephora at Kohl’s growth, as well as our clearance actions. Digital sales were down 19.6% [compared] to last year.”  […]