Kohl’s asks vendors for more time to settle invoices, Bloomberg reports

Kohl’s (KSS) is asking certain vendors for extra time to settle invoices as the struggling retailer adjusts its payment strategy as part of efforts to execute a turnaround plan, Bloomberg’s Reshmi Basu and Lily Meier report, citing people with knowledge of the situation. “Kohl’s regularly reviews our work to ensure we are operating as effectively and efficiently as possible,” a company spokesperson told Bloomberg in an email.