Kohl’s Seeks More Time to Pay Vendors Amid Turnaround Effort (1)

Kohl’s Corp. is asking some vendors for more time to settle invoices, according to people with knowledge of the situation, as the ailing retailer adjusts its payment strategy amid efforts to execute a turnaround plan.

Retailers will typically seek longer payment terms to manage working capital swings and conserve cash. The latest request by the department-store chain comes at a challenging time for the industry, which has struggled amid tepid consumer spending and supply chain disruptions caused by the Trump administration’s tariffs.

“Kohl’s regularly reviews our work to ensure we are operating as effectively and efficiently as possible,” a company ...