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 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.
Kohl's (NYSE: KSS) introduces its latest Kohl’s Cares collection this spring, featuring beloved children's books and coordinating plush toys by Nancy Tillman, priced at just $5 each. With 100% of the net profits supporting charities focused on health and wellness for children and families, the collection aims to enhance family bonding through shared reading experiences. Additionally, $9 Easter bundles featuring popular characters will also be available starting March. Since 2000, Kohl's Cares has raised nearly $375 million for community initiatives.
Kohl’s (NYSE: KSS) and Sephora have announced a long-term partnership to enhance beauty offerings at Kohl's stores. The collaboration will introduce 'Sephora at Kohl’s' in 200 locations by Fall 2021, expanding to at least 850 by 2023. This strategic alliance aims to leverage Kohl's customer base of 65 million and Sephora's extensive beauty expertise. The new beauty sections will feature over 100 curated brands and are designed to provide a premium shopping experience. Additionally, Sephora will become the exclusive beauty partner on Kohls.com, enhancing online offerings.
Kohl's (NYSE: KSS) is donating $5 million in grants to over 100 nonprofit organizations, supporting family health and wellness. Through its A Community with Heart program, grants ranging from $10,000 to $100,000 have been awarded to various nonprofits including the American Heart Association and Boys & Girls Clubs. This initiative highlights Kohl's commitment to giving back during the holiday season and reflects the dedication of its associates in empowering local communities.
Kohl's Corporation (NYSE: KSS) reported a challenging quarter ending October 31, 2020. Total revenue decreased by 14.0% to $3,979 million, with net sales down 13.3%. Gross margin fell to 35.8%
from 36.3% in 2019. The company posted a net loss of $12 million compared to a profit of $123 million a year earlier, while diluted earnings per share dropped to $(0.08).
Despite these results, the CEO emphasized digital sales growth and improved cash flow, indicating a stronger financial position.
Kohl's (NYSE: KSS) has unveiled its expansive holiday deals, introducing a larger Black Friday Week than ever before. Starting today, Nov. 6, customers can access limited-time offers, including up to 100 exclusive deals and a 20% discount on purchases. Throughout November, Kohl's will continue to update deals weekly, leading up to Black Friday Week from Nov. 22-27. The retailer highlights new savings opportunities, including Kohl’s Rewards and an emphasis on a safer shopping experience due to health measures. Customers can shop both online and in-store for maximum convenience.
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