What happened Kohl's (NYSE: KSS) shareholders trailed a declining market in September. Their stock dropped 13% compared to the S&P 500's 3.9% drop, according to data provided by S&P Global Market Intelligence. That decline added to significant short-term losses for investors, with shares down over 60% so far in 2020. Image source: Getty Images. So what There was no shortage of bad news for investors to digest last month. Following sharp sales declines due to consumer shopping behavior changes tied to the COVID-19 pandemic, Kohl's shares were removed from S&P 500. The department store giant's 10-Q filing on Sept. 3 also detailed the rising strain on the business, which today counts over $3.4 billion of long-term debt, up from $1.8 billion a year ago. The effective interest rate on that leverage is climbing, too. Now what Its financial challenges convinced management to announce a second round of restructuring aimed at further slashing costs. These cuts might position the company for solid rebound once the industry recovers. But most investors are taking a wait-and-see approach, at least until there's a clear path out of recessionary selling conditions for the apparel industry. 10 stocks we like better than Kohl'sWhen investing geniuses David and Tom Gardner have a stock tip, it can pay to listen. After all, the newsletter they have run for over a decade, Motley Fool Stock Advisor, has tripled the market.* David and Tom just revealed what they believe are the ten best stocks for investors to buy right now... and Kohl's wasn't one of them! That's right -- they think these 10 stocks are even better buys. See the 10 stocks *Stock Advisor returns as of September 24, 2020 Demitri Kalogeropoulos has no position in any of the stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy.Source