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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 (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.
Kohl's (NYSE: KSS) and Sephora are set to launch a new omni partnership this August, introducing over 125 prestige beauty brands at Kohl's locations and online at Kohls.com. Initially available in 200 stores, the assortment includes popular brands in makeup, skincare, hair, and fragrance, with 75% being exclusive to this collaboration. The aim is to enhance customer access to prestige beauty, with plans to expand to at least 850 stores by 2023. Sephora at Kohl's will provide a unique shopping experience, featuring dedicated space and trained beauty advisors.
Kohl's (NYSE: KSS) released its 2020 Environmental, Social, and Governance (ESG) report, highlighting progress in diversity, sustainability, and community efforts amidst challenges. The report outlines significant achievements, including diverting 85% of waste from landfills and creating over 164 solar and wind locations. Additionally, Kohl's received several recognitions for sustainability efforts, such as a spot on Barron’s Top 100 Sustainable Companies list. The company continues to focus on diversity initiatives and community health programs, raising over $11 million through Kohl’s Cares.
Kohl’s (NYSE: KSS) has announced a new partnership with TOMMY HILFIGER to introduce men’s sportswear in over 600 stores and online this fall. This collaboration aims to enhance Kohl’s product assortment, providing customers with high-quality, classic apparel. The stores will feature a branded experience in nearly 100 locations, emphasizing the brand's iconic aesthetic. Doug Howe, Kohl’s chief merchandising officer, highlighted the partnership’s potential to connect with 65 million customers. The initiative aligns with Kohl’s strategy to boost brand relevance and expand its market presence.
Kohl’s Corporation (NYSE: KSS) has reached a settlement agreement with a group of investors owning 9.3% of its stock. The agreement will add three new independent directors to Kohl's Board, enhancing governance. The Board's finance committee is now a standing committee, and share repurchase authorization has increased to $2 billion. The Investor Group expressed confidence in the strategic direction of the Company. Notably, current Board members Steve Burd and Frank Sica will retire in the upcoming year, signifying continued leadership changes.
Kohl’s (NYSE: KSS) has achieved the prestigious 2021 ENERGY STAR Partner of the Year Sustained Excellence Award from the EPA, marking its 10th consecutive win. With over 90% of its stores certified, Kohl's is committed to energy efficiency, having retrofitted 45 locations with LED lighting, saving over 10 million kWh annually. The company has also received recognition for its sustainability efforts, including the SmartWay 2020 Excellence Award and the 2019 WasteWise Regional Award, showcasing its dedication to reducing emissions and waste.
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