In today’s CEO Daily: Phil Wahba on the turnaround at Kohl’s.

The big story: Nvidia beats earnings expectations, but stock falls.

The markets: Mixed.

Plus: All the news and watercooler chat from Fortune .

Good morning. I’ve covered retail for more than 15 years now, so if there’s one thing I’m familiar with, it’s a once-beloved retailer trying for the umpteenth time to mount a turnaround. It can be done—see Walmart in the last decade and Target in the second half of the 2010s. But as I’ve been seeing at Kohl’s (No. 261 on the Fortune 500)—it’s extremely difficult.

Investors were practically giddy yesterday when Kohl’s surfaced some glimmers of good news in its second-quarter earnings call. The stock is up 21% over the last few days. Interim CEO Michael Bender, a Kohl’s direct

See Full Page