kohls corp has withdrawn its earnings guidance for 2022 citing economic uncertainty ahead and the unexpected impending departure of chief executive michelle gass the departmentstore chain said thursday that it wouldnt be providing guidance for its fourth quarter either the move comes in tandem with the companys thirdquarter report of a shrinking profit line as sales dropped for the third quarter in a row kohls said earlier this month that ms gass would be stepping down in december and joining levi strauss  co next year with plans to ultimately succeed its chief executive her exit follows mounting pressure from activist investors for a leadership shakeup at the struggling retailer the company said thursday that the unexpected ceo transition spurred its decision to pull back earnings guidance for the year along with volatility in business trends and macroeconomic headwinds