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.
Macellum Advisors, Ancora Holdings, Legion Partners, and 4010 Capital, together owning approximately 9.5% of Kohl's Corporation (NYSE: KSS), are urging shareholders for Board changes ahead of the 2021 Annual Meeting. They criticize the Board's recent performance, claiming lack of retail expertise has led to weak earnings and disappointing 2021 guidance, with projected sales and earnings declining by 8.5% and 44% from 2019 levels. They argue that Kohl's needs a refreshed Board to enhance market competitiveness and shareholder value, citing the failed track record of the current Board.
Kohl’s (NYSE: KSS) has announced a one-year donation of $250,000 to support the Milwaukee Public Museum's Thank You Thursdays, offering free access to visitors on the first Thursday of each month. This initiative, launching on March 18, 2021, aims to enhance community engagement, allowing nearly 190,000 guests free admission since its inception. Kohl's has contributed over $785 million to community support nationwide, with more than $2 million specifically for the Milwaukee Public Museum, highlighting its commitment to community involvement.
Kohl’s Corporation (NYSE: KSS) reported significant declines in total revenue for the year ending January 30, 2021, down 20.1% to $15,955 million from $19,974 million in 2019. The company experienced a net loss of $163 million compared to a profit of $691 million the previous year. Despite these challenges, Kohl's reported a 29% increase in net income for the fourth quarter, totaling $343 million with earnings per share at $2.20. The 2021 outlook predicts a mid-teen increase in net sales and a return to capital allocation strategies, including dividends and share buybacks.
Kohl’s (NYSE: KSS) has been recognized by Ethisphere as one of the 2021 World’s Most Ethical Companies for the third consecutive year. This annual assessment evaluates companies based on ethics, compliance, and social impact among other criteria. Kohl’s is among three retail honorees, highlighting its commitment to ethical practices and governance. Ethisphere emphasized Kohl's resilience and trust-building with stakeholders during challenging times. This recognition underscores Kohl’s strategy to integrate ethics within its operations, enhancing its corporate reputation.
Kohl's (NYSE: KSS) has donated $400,000 to the Boys & Girls Clubs of Greater Milwaukee to support services impacted by the pandemic. The funding will enhance virtual learning, provide social and emotional support, and allow the continuation of community meal programs. This donation is part of Kohl's ongoing commitment to community support, with more than $700,000 contributed to the Boys & Girls Clubs of Greater Milwaukee alone. Kohl's emphasizes its responsibility to address the pressing needs of local families during these challenging times.
Kohl’s Corporation (NYSE: KSS) responded to an investor group's announcement regarding the nomination of nine directors for election at the 2021 Annual Meeting. The Company values shareholder engagement but opposes the group's attempt to gain control of the Board, asserting that it is already executing a robust growth strategy. Kohl's reported strong Q3 results and preliminary Q4 earnings exceeding expectations. The stock has appreciated over 170% since unveiling its new strategy, with plans to expand partnerships, including a significant collaboration with Sephora, and enhance profitability through better operational efficiency.
Macellum Advisors and its affiliates have issued an open letter to Kohl’s shareholders, nominating nine independent candidates for the Board of Directors ahead of the 2021 Annual Meeting. The Investor Group owns approximately 9.5% of Kohl's stock and criticizes the current Board for poor retail execution, stagnant sales, declining margins, and excessive executive compensation. They argue that the Board lacks retail experience and alignment with shareholder interests. The group believes Kohl’s can achieve over $10 in annual EPS within a few years with the right leadership and governance.
Kohl's Corporation (NYSE: KSS) has appointed Robbin Mitchell to its Board of Directors as an independent director. With extensive experience at the Boston Consulting Group and previous executive roles at Club Monaco and Ralph Lauren, she will enhance Kohl's growth strategy, especially in Women’s apparel, Active, and Beauty. This appointment is part of Kohl’s Board refreshment process, increasing diversity and bringing fresh perspectives to drive the company forward. Ms. Mitchell’s term will conclude at the 2021 annual shareholders meeting, where she will stand for election.
Kohl’s (NYSE: KSS) announced a partnership with Eddie Bauer to introduce premium outerwear and outdoor apparel in Fall 2021. The collaboration will include a wide selection of apparel for women, men, and kids, available in up to 500 stores and online. This partnership aligns with Kohl’s strategy to increase its active category from 20% to at least 30% of its business. The Eddie Bauer brand will complement Kohl’s existing active brands, enhancing customer accessibility to quality outdoor products.
Kohl’s Corporation (NYSE: KSS) reported a business update for the fourth quarter ended January 30, 2021. Despite total revenue declining approximately 10% and comparable sales down 11%, the company's gross margin improved due to effective inventory and promotional strategies. Digital sales surged over 20%, constituting more than 40% of total sales. Kohl's expects diluted earnings per share in the range of $1.00 to $1.05. The company plans to launch a multi-year partnership with Sephora in 200 stores this Fall to drive future growth.
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