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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) announced a comprehensive lineup of holiday savings events for November, featuring exclusive deals and promotions to attract customers during the shopping season. Starting with Black Friday Early Access on November 4, customers can earn $15 Kohl's Cash for every $50 spent. Kohl's Rewards members benefit from daily 5% rewards, with additional perks for cardholders. Exciting holiday deals continue throughout the month, including Dashing Deal Days and Black Friday Week, offering extra discounts and promotions on popular gift items, enhancing the shopping experience.
Kohl's (NYSE: KSS) has launched its holiday portfolio, emphasizing a diverse range of national and private brands across categories like outdoor gear, smart home technology, and beauty. With 600 Sephora locations now open in-store, shoppers gain access to prestige beauty products for gifting. Additional offerings include apparel for various occasions and expanded gifting options for pets and home technology. Kohl's aims to attract holiday shoppers with competitive prices, digital conveniences, and a commitment to meeting diverse customer needs through its extensive product array.
Kohl's (NYSE: KSS) has announced a donation of $150,000 to the American Red Cross to assist communities affected by Hurricane Ian. The company will also provide emergency financial support to impacted associates through its Associate Relief Fund and offer compensation for those whose stores closed during the hurricane. Additionally, Kohl's is promoting volunteer efforts among its associates by doubling the reward grant to $50 for hours volunteered with the Red Cross. Since 2001, the company has donated over $9.7 million to the Red Cross.
Kohl's (NYSE: KSS) has officially launched its holiday season sales, offering value and savings from October 6 through Christmas Day. Shoppers can earn and redeem Kohl's Cash, with new earning opportunities from Cyber Monday to Christmas Eve, and for the first time, Kohl’s Rewards members can earn 7.5% rewards on purchases made with a Kohl’s Card. Customers can expect weekly deals on top toys, expanded LEGO assortments, and exclusive promotions, including a ‘Bricktober’ event. This holiday season emphasizes value, marking a strategic focus on customer accessibility and pricing.
Ancora Holdings Group has expressed strong dissatisfaction with Kohl's leadership, citing a troubling strategic review, credit downgrade, and significant sales decline. The firm's letter emphasizes that under the current Board and CEO Michelle Gass, Kohl's share price has plummeted by 45% in the past year. Ancora urges the Board to appoint a new Chairman and initiate a CEO succession plan, highlighting the need for experienced leadership capable of executing a successful turnaround strategy, particularly in the face of rising costs and competition.
Kohl’s (NYSE: KSS) has launched a new collection of adult adaptive apparel across its private-label brands, including Sonoma Goods for Life, Tek Gear, and SO. Designed with GAMUT Management, these garments prioritize comfort, ease of dressing, and style. The collection addresses the needs of over 41 million Americans living with disabilities, aiming to enhance their self-expression with functional and accessible clothing options. This initiative reflects Kohl’s commitment to diversity and inclusion, expanding on its existing adaptive offerings for children.
Kohl's (NYSE: KSS) celebrates the one-year anniversary of its partnership with Sephora, which has expanded to over 600 stores. The collaboration shows strong sales, with Kohl's projecting $2 billion in annual sales by 2025. Sephora's presence has attracted over 1 million new customers, particularly younger and more diverse demographics. Additionally, notable beauty brands are benefitting from enhanced distribution. The initiative aims to enhance the shopping experience and increase traffic through offerings like online pickups and increased holiday assortments.
Kohl’s reported second-quarter results with a 7.7% decrease in comparable sales and an 8.5% decline in net sales, totaling $4,087 million. The diluted earnings per share (EPS) fell 55% to $1.11 from $2.48 the previous year. The company updated its 2022 financial outlook, forecasting net sales to decline 5% to 6%, with EPS expected between $2.80 and $3.20. Kohl's entered a $500 million accelerated share repurchase agreement, demonstrating confidence in its future despite economic challenges.
Kohl's (NYSE: KSS) has appointed Christie Raymond as its new Chief Marketing Officer, effective immediately. Raymond has been with the company since 2017, serving in various leadership roles, including her recent position as executive vice president for customer engagement, analytics, and insights. She has been acting as the interim CMO since May 2022. CEO Michelle Gass expressed confidence in Raymond's capabilities to enhance Kohl's marketing strategy and drive customer engagement, aiming to position the retailer as the top choice for active and casual lifestyles.
On August 9, 2022, Kohl's Corporation (NYSE: KSS) announced a quarterly dividend of $0.50 per share. This dividend will be payable on September 21, 2022, to shareholders on record by September 7, 2022. Kohl's continues to position itself as a leading omnichannel retailer, operating over 1,100 stores across 49 states and providing online shopping through Kohls.com.
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