Welcome to our dedicated page for Kohls Corporation news (Ticker: KSS), a resource for investors and traders seeking the latest updates and insights on Kohls Corporation stock.
Kohl's Corporation (symbol: KSS) is a leading American department store chain, headquartered in Menomonee Falls, Wisconsin. Established in 1962, Kohl's operates approximately 1,174 stores across 49 states, primarily located in strip centers. The retailer offers a wide range of products, including private-label and national brand clothing, shoes, accessories, cosmetics, and home furnishings. Women's apparel is the largest category, contributing to 26% of the company's 2023 sales.
Kohl's is committed to inspiring and empowering families to lead fulfilled lives through its diverse product offerings and exceptional customer service. The company’s mission extends beyond retail, as it actively engages in various community support programs. Through initiatives like Kohl’s Cares and Associates in Action, Kohl's contributes significantly to youth-serving nonprofit organizations and environmental conservation efforts.
Financially, Kohl's maintains a robust presence in both physical and digital retail spaces. The company has successfully expanded its e-commerce operations, ensuring a seamless shopping experience for customers nationwide. Recent achievements include collaborations with notable brands and the introduction of innovative products to meet the evolving needs of consumers.
Kohl's strong emphasis on corporate responsibility is evident in its environmental sustainability efforts. The retailer seeks innovative solutions to promote long-term stability, reflecting its dedication to being a responsible community member. Investors benefit from the company’s transparent and timely information, underscoring Kohl's commitment to maintaining trust and accountability.
In summary, Kohl's Corporation stands out for its extensive product range, community involvement, and sustainable practices, making it a significant player in the retail industry.
Kohl's (NYSE: KSS) announced donations totaling over $500,000 to more than 25 nonprofits in Milwaukee and Waukesha counties through its Kohl's Cares Hometown Giving Program. The grants, ranging from $5,000 to $25,000, support family health and wellness initiatives. The program, launched in 2017, has contributed over $3.5 million to more than 150 nonprofits. Funding comes from Kohl's Cares Goods for Good® merchandise sales, with 100% of net profits going to nonprofits nationwide. Kohl's has invested over $160 million in Milwaukee area nonprofits through various community programs.
Kohl's (NYSE:KSS) has announced its regular quarterly dividend of $0.50 per share on common stock. The dividend will be paid on December 24, 2024, to shareholders of record as of December 11, 2024. Kohl's operates as an omnichannel retailer with over 1,100 stores across 49 states, serving millions of families through its physical locations, Kohls.com, and the Kohl's App.
Kohl's (NYSE: KSS) launches its Black Friday savings with a three-day Early Access event from November 8-10, offering significant discounts including 70% off select fine jewelry, 50% off toys, and up to 50% off beauty brands. The company announced its Black Friday Week will run from November 24-29, with stores closed on Thanksgiving and opening at 5 a.m. on Black Friday. Customers can earn $15 Kohl's Cash for every $50 spent during specific periods and take 15% off qualifying purchases. The company is also running a Black Friday Sweepstakes with over $1 million in prizes for the first 200 customers at each store on Black Friday.
Kohl's (NYSE: KSS) has unveiled its Top Toys List for the 2024 holiday season, featuring popular brands like Barbie, LEGO, and Nerf. The retailer is offering toys starting at $5.99, with thousands of options under $20, catering to various budgets. Kohl's Top 20 Holiday Toys include exclusive items like the Step2 Shopping Cart and Potato Head Super Spud. The company is also hosting a LEGO Extravaganza event from Sept. 23 to Oct. 6, offering 20% off select LEGO merchandise and additional savings for Kohl's Rewards members. The toy assortment covers various categories, including tech, arts and crafts, outdoor, games, and licensed toys from popular franchises.
Kohl's (NYSE: KSS) has unveiled its new brand platform, 'Where Families Come First,' celebrating authentic family moments. The initiative aims to connect emotionally with customers through a campaign titled 'When Life Gets Real, Start Here.' Kohl's will showcase real, unfiltered family experiences across various marketing channels, emphasizing its product offerings for everyday life and special occasions.
To mark the launch, Kohl's is hosting the Kohl's Cash Ultimate Giveaway event from September 6-8, offering instant Kohl's Cash coupons in-store. Customers can also enjoy three days of deals and a 20% discount on qualifying purchases. The new platform reinforces Kohl's commitment to serving diverse families with a wide range of products, including apparel, home goods, Sephora at Kohl's, and Babies'R'Us items.
Kohl's (NYSE:KSS) reported Q2 fiscal 2024 results with net sales decreasing 4.2% and comparable sales down 5.1%. Despite challenges, the company achieved a 13% increase in earnings, driven by gross margin expansion and strong inventory management. Key highlights include:
- Diluted EPS of $0.59, up from $0.52 in the prior year
- Gross margin increased 59 basis points to 39.6%
- Inventory declined 9% year-over-year
- Strong performance in growth areas like Sephora, home decor, and gifting
Kohl's updated its full-year 2024 outlook, projecting net sales to decrease 4-6% and comparable sales to decline 3-5%. The company remains committed to returning capital to shareholders through dividends and strengthening its balance sheet.
Kohl's (NYSE:KSS) has announced a regular quarterly dividend of $0.50 per share on its common stock. The dividend is set to be paid on September 25, 2024, to shareholders of record as of the close of business on September 11, 2024. Kohl's, a leading omnichannel retailer, operates more than 1,100 stores across 49 states and maintains a strong online presence through Kohls.com and the Kohl's App. The company emphasizes its commitment to delivering value, convenience, and great brands to customers while making a positive impact in the communities it serves.
Kohl's (NYSE: KSS) has launched its back-to-school campaign, offering savings and new, on-trend merchandise for families. The collection features popular brands such as Too, Aéropostale, Nike, adidas, and Under Armour, with essential items like tees, denim, and sneakers priced under $20. Special promotions include Kohl's Cash®, Kohl's Rewards®, tax-free weekends, and exclusive deals on dorm room essentials. Additionally, Kohl's is donating over $250,000 to Boys & Girls Clubs of America for back-to-school shopping grants, aiming to support communities nationwide.
Kohl's (NYSE: KSS) reported its first-quarter fiscal 2024 financial results, ending May 4, 2024, with a net sales decrease of 5.3% to $3.2 billion and a comparable sales decline of 4.4%. Regular price sales rose 2.4%, but clearance sales negatively impacted overall comparable sales by 600 basis points. The gross margin increased by 48 basis points to 39.5%. The company recorded a diluted loss per share of $0.24, compared to a net income of $0.13 per share in the prior year. Inventory levels were down 13% year-over-year. Kohl's updated its financial outlook for full-year 2024, expecting net sales to decrease between 2% and 4%, with diluted EPS projected to range from $1.25 to $1.85.
The company is committed to returning capital to shareholders via a $0.50 per share dividend, payable on June 26, 2024. Despite the first quarter's underperformance, CEO Tom Kingsbury expressed confidence in strategic initiatives, including partnerships with Sephora and Babies 'R' Us.
The Board of Directors of Kohl’s (NYSE:KSS) has declared a regular quarterly dividend of $0.50 per share on the company's common stock.
The dividend will be payable on June 26, 2024, to shareholders of record at the close of business on June 12, 2024.
Kohl’s is a leading omnichannel retailer, operating over 1,100 stores across 49 states and offering online shopping through its website and app.
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