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 exceeding $1 million in grants to more than 40 nonprofits nationwide through the Kohl's Cares® National Giveback Initiative, focusing on family health and wellness. Each nonprofit will receive a $25,000 grant. The funding comes from Kohl's Cares Goods for Good™ program, which has donated over $30 million since 2018 through sales of children's books and toys. Additionally, Kohl's announced $500,000 in donations to Milwaukee and Waukesha counties nonprofits and $400,000 through the Shopping Grant program to over 200 nonprofits nationwide.
Kohl’s (NYSE: KSS) is launching its new Giveaway Saturday events this December, offering customers a chance to have their cart paid for each Saturday leading up to Christmas. Starting December 7, and continuing on December 14 and 21, four lucky customers at each of Kohl’s over 1,100 stores will have their cart paid for, totaling more than 10,000 carts this holiday season.
Kohl’s will also introduce a Daily Gift Drop with a new featured product each day from December 3 to December 24, alongside Super Saturday Deals with up to 50% off select items. Additionally, shoppers can earn Kohl’s Cash every day until December 24, with special discounts for Kohl’s Card users and Rewards members.
On December 7, early shoppers will receive a Kohl’s Cash ornament with any purchase. Kohl’s is also extending store hours from December 20 to December 23, and on Christmas Eve for customer convenience.
Kohl's (NYSE:KSS) reported disappointing Q3 2024 results with net sales decreasing 8.8% to $3.5 billion and comparable sales declining 9.3%. Despite strong performance in Sephora, home decor, gifting, and the new Babies 'R' Us shops, core business declines persisted. Earnings per share fell to $0.20 from $0.53 year-over-year. The company updated its full-year outlook, now expecting net sales to decrease 7-8% and EPS between $1.20-$1.50. CEO Tom Kingsbury will step down effective January 15, 2025, to be succeeded by Ashley Buchanan.
Kohl's (NYSE: KSS) announced a CEO transition, with Ashley Buchanan appointed as the new Chief Executive Officer effective January 15, replacing Tom Kingsbury. Kingsbury will remain in an advisory role and retain his Board seat until his retirement in May 2025. Buchanan joins from Michaels Companies, where he served as CEO since 2020, previously holding senior executive positions at Walmart and Sam's Club. During his tenure at Michaels, Buchanan improved profitability, expanded digital business, and enhanced store operations. The transition comes as Kohl's continues its transformation to elevate its product portfolio, enhance store experience, and improve financial health.
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.
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