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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 is set to donate $500,000 in grants to nonprofit organizations in the Milwaukee area starting September 6. The grants, ranging from $5,000 to $50,000, are part of Kohl's Hometown Giving Program and will support various community initiatives. Applications will be accepted until September 17, with recipients announced in early 2022. Since the program's launch in 2017, Kohl's has donated over $1.5 million to local nonprofits.
Nextech AR Solutions Corp has expanded its partnership with Kohls to scale up WebAR for Ecommerce, producing thousands of new 3D models. This development aims to enhance the AR shopping experience for Kohls' customers, allowing them to interact with products within any backdrop. Kohls' selection of Threedy.ai for this initiative promises ROI by boosting customer engagement and reducing return rates. Furthermore, Nextech's recent inclusion in Google's 3D AR Search Program will enhance visibility for Kohls' products in search results, leveraging AR technology to improve e-commerce.
Kohl’s Corporation (NYSE:KSS) reported strong financial results for the quarter ended July 31, 2021, with total revenue increasing by 30.5% year-over-year to $4,447 million. Net income surged to $382 million, significantly improved from $47 million in the previous year. Gross margin expanded by 942 basis points to 42.5%. The company raised its full-year financial outlook, projecting a low-twenties percentage increase in net sales and adjusted earnings per share between $5.80 and $6.10. A dividend of $0.25 per share was also declared.
Kohl’s Corporation (NYSE:KSS) has declared a quarterly dividend of $0.25 per share on August 10, 2021. This dividend will be paid on September 22, 2021, to shareholders recorded by the close of business on September 8, 2021. As a prominent omnichannel retailer with over 1,100 stores across the U.S., Kohl's aims to enhance its brand presence through competitive pricing and a commitment to diversity and inclusion.
Kohl's (NYSE: KSS) has announced a significant commitment to Milwaukee with nearly $1 million in donations to five nonprofit partners. This initiative is part of Kohl's Diversity and Inclusion Pledge for Progress, aimed at enhancing equity and economic prosperity in under-resourced communities. The donations are allocated as follows: Acts Housing ($250,000), Employ Milwaukee ($250,000), Boys & Girls Clubs of Greater Milwaukee ($200,000), Safe & Sound ($175,000), and Milwaukee Urban League ($100,000). This effort emphasizes the company's dedication to community support and family wellness.
Kohl's (NYSE: KSS) is gearing up for the back-to-school season with a focus on casual, athleisure, and denim styles for kids and adults. The company emphasizes value and convenience, offering products from popular brands and innovative shopping options like drive-up services. Kohl's is also supporting educators with a 20% discount and introducing a beauty experience through Sephora. With diverse offerings, including adaptive clothing and dorm essentials, Kohl's aims to meet varied customer needs as families prepare for a new school year.
Kohl’s (NYSE: KSS) has announced a commitment of $5 million over three years to support the Alliance for a Healthier Generation. This funding aims to enhance the Kohl’s Healthy at Home initiative, which focuses on health equity and aids families, especially in under-resourced communities. Since its inception in 2019, the initiative has positively impacted 3.8 million families and 7.6 million students. The partnership will also expand resources available in Spanish and enhance support for BIPOC populations, aiming to address health inequities across various communities.
Kohl's Corporation (NYSE:KSS) reported strong results for the quarter ended May 1, 2021, with total revenue of $3,887 million, a significant increase of 60.1% from $2,428 million in 2020. Net income surged to $14 million from a loss of $541 million, achieving a diluted EPS of $0.09. The adjusted diluted EPS improved to $1.05, up from a loss of $3.22 in the prior year. The company raised its 2021 guidance, expecting net sales to grow in the mid-to-high teens percentage range and adjusted EPS between $3.80 to $4.20. A quarterly dividend of $0.25 per share was declared, payable on June 23, 2021.
Kohl’s Corporation (NYSE: KSS) held its annual shareholders meeting, announcing the results for four key proposals voted on by shareholders. All directors nominated were elected with over 96% approval. The compensation for named executive officers received more than 94% support, while the appointment of Ernst & Young LLP as the independent accounting firm was ratified with over 91% approval. However, a shareholder proposal for written consent rights garnered less than 10% of votes.
Kohl's (NYSE: KSS) has launched its Summer Collection featuring Dr. Seuss books and plush toys, with all profits benefitting organizations focused on children's health and wellness. Priced at $5 each, the collection includes titles like Fox in Socks and The Lorax. Since 2000, Kohl's Cares has raised over $385 million for community initiatives. With over 1,100 stores across 49 states, Kohl's aims to inspire families and deliver wellness through its merchandise and programs.
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