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) has appointed Dave Alves as President & Chief Operating Officer, effective April. Alves brings over 30 years of retail experience, previously serving at Bealls Retail Group and holding roles at TJX Canada and Hudson's Bay. In his new role, he will oversee Kohl's operations, including nearly 1,200 stores and global supply chain management. CEO Tom Kingsbury expressed excitement about Alves joining the leadership team, emphasizing the company's commitment to evolving its business strategy for modern consumers. This leadership change aims to enhance Kohl's market position and customer experience.
Kohl’s Corporation (NYSE: KSS) declared a quarterly dividend of $0.50 per share on February 21, 2023. The dividend will be payable on March 29, 2023, to shareholders on record by March 15, 2023. This move showcases the company’s commitment to returning value to its shareholders, reflecting confidence in its ongoing operations.
Kohl's is a major omnichannel retailer with over 1,100 stores and a robust online presence. As it continues to focus on delivering value through its diverse offerings, it also prioritizes ESG stewardship in its operational strategy.
Kohl's (NYSE: KSS) has appointed Nick Jones as Chief Merchandising and Digital Officer, effective March. Jones brings over 25 years of retail experience, previously serving as CEO of Joules Group and Chief Merchant at ASDA/Walmart UK. His role will focus on developing Kohl's merchandise strategy to enhance the active and casual lifestyle offerings, including overseeing product design and portfolio strategy. CEO Tom Kingsbury expressed confidence in Jones, highlighting his extensive background in merchandising and business leadership to drive innovation and customer engagement.
Kohl's (NYSE: KSS) has announced a $750,000 donation to Hunger Task Force to combat food insecurity in Milwaukee. This funding aims to provide 10 truckloads of food and support over 31,000 individuals monthly through a network of 68 food pantries and summer meal programs for children. Since 2009, Kohl's has contributed over $10 million to the cause. Hunger Task Force estimates about 30% of children in Milwaukee live in poverty. The ongoing partnership highlights Kohl's commitment to community support, providing a significant number of meals and food distributions, including 9.5 million pounds of food in 2022.
Kohl’s Corporation (NYSE: KSS) has appointed Tom Kingsbury as Chief Executive Officer, effective February 2, 2023. Kingsbury, who served as Interim CEO since December 2, 2022, brings over 40 years of retail experience, including leadership roles at Burlington Stores. The Company has also established a cooperation agreement with Macellum Advisors, which now includes multi-year standstill provisions, ensuring continued collaboration. Board Chair Peter Boneparth expressed confidence in Kingsbury's ability to enhance sales and profitability, while investor sentiments are positive regarding the leadership change.
Kohl's (NYSE: KSS) is enhancing customer shopping experiences during the holiday season with various conveniences such as in-store pickup and extended hours. Gift options include popular items like Sephora gift sets, Amazon Fire Kids Tablets, and Nike basketball shoes. Kohl's customers can also benefit from daily deals and events, including a Friends & Family sale offering 25% off on Super Saturday, December 17. Gift cards are highlighted as ideal last-minute gifts. The company emphasizes its commitment to delivering value and convenience to shoppers this holiday season.
Kohl’s (NYSE: KSS) has announced a $5 million donation to over 150 nonprofits across the U.S. as part of its philanthropic initiative, A Community with Heart. This year's grants, ranging from $5,000 to $65,000, aim to support family health and wellness initiatives. Since 2018, Kohl’s has contributed more than $24 million to local nonprofits through its program. The contributions are fueled by the company's Kohl’s Cares® merchandise sales, which donate all net profits to charitable causes. Notable beneficiaries include the American Cancer Society and the National Urban League.
Kohl's has launched a series of promotions starting Cyber Monday and continuing through Christmas Eve, enabling customers to earn Kohl's Cash every day. Promotions include daily savings events and free store pickup options. Key discounts include 20% off with code SHOP20 and exclusive offers on popular items like Sephora products and Shark Vacuums. Additional savings weekends are scheduled for early December. Kohl's emphasizes a convenient shopping experience with digital tools and rewards, aiming to enhance the holiday shopping experience.
Kohl's Corporation (NYSE: KSS) reported a challenging third quarter with a 6.9% decrease in comparable sales and a 7.2% decline in net sales, totaling $4.277 billion. Net income dropped 60% to $97 million, while diluted earnings per share also fell 50% to $0.82. Due to macroeconomic headwinds and the CEO transition, the company has withdrawn its previous guidance for the fourth quarter. Following the completion of a $500 million accelerated share repurchase agreement, Kohl's declared a $0.50 per share dividend, payable on December 21, 2022.
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