Kohl's revealed today a new partnership with Tommy Hilfiger to carry the brand's menswear line in more than 600 of its roughly 1,100 stores in the U.S. and Kohls.com, beginning in the fall. According to the department store's website, Kohl's currently only sells Tommy Hilfiger fragrances. The continued evolution of Tommy Hilfiger It's part of…
Kohl's said Wednesday it has come to an agreement with the group of activist investors who have been pushing to seize control of the retailer's board.
Kohl's is making it easy to give your outdoor space a major upgrade with this patio furniture sale—shop our top picks here.
The activist group that seeks a new lineup on the Kohl's Corp. undefined board has targeted five current members that they say "are the least qualified to…
A group of activist investors with a combined 9.5% stake in Kohl's Corp on Thursday reduced the number of directors it plans to nominate to the department store's board to five from nine.
The group of activist investors seeking control of the board at Kohl's Corp. undefined have published another letter citing a number of problems stemming…
Kohl's is having a huge refresh sale for the home right now, so you can snag major price cuts on cookware, appliances and more—shop our top picks.
Target said that years of investments into its omnichannel capabilities fueled record sales and earnings for its most recent quarter and the full year. In department store retail, digital sales tempered a broader revenue decline at Kohl's. And in payment methods, the financial ecosystem that was in place when 2020 began has been replaced by one in which digital disbursements are a […]
Summary List Placement Kohl's partnership with Amazon has helped it bring in over 2 million new customers into its stores in 2020. During the company's fourth quarter earnings call Tuesday, CEO Michelle Gass said Amazon has helped Kohl's appeal to younger shoppers. Of the new customers drawn in by the Amazon partnership, millennials accounted for about one third. "It continues to be a key contributor to driving traffic and introducing new customers to Kohl's," Gass said of the partnership. "We get really excited that a third of them are millennial customers. … I think we're really strongly positioned to capture the market in the years ahead." The Amazon partnership was launched in 2019 when Kohl's started accepting Amazon returns at its stores. In the three weeks following its launch, foot traffic increased nearly 24%. Gass said the company has seen a further increase in demand for the program during the pandemic. "I think the factors that have heightened during the pandemic, like convenience, play to our strengths," Gass said.
Kohl's, the embattled operator of 1,100 department stores, said Tuesday (March 2) that its fourth quarter sales fell 10.1 percent, tempered by a 21 percent increase in its digital operations. However, Kohl’s said it continued to shore up its financial position and concluded the quarter with $2.3 billion in cash. The department store retailer anticipates that […]
Kohl's said it added at least 2 million new customers last year, thanks to an unlikely friend that it has found in Amazon.
Kohl's reported mixed results for its fiscal fourth quarter, delivering a 30% increase in profits but a 10% drop in sales.
Kohl's fourth-quarter earnings topped analysts' estimates, as customers turned to online shopping during the pandemic↳ 13:40, Business Insider • 拡大
Summary List Placement Kohl's Corp topped estimates for holiday-quarter net sales on Tuesday, as people staying at home due to the COVID-19 pandemic bought more from the department store chain's online store. Shares of the mid-priced chain rose 2% as it reinstated a quarterly dividend and said it would buy back shares worth between $200 million and $300 million. Department stores, including Kohl's , have been doubling down on cookware, kitchen electrics, beauty products, athleisure apparel, and activewear, as they look to beat lower demand for dresses and formal clothing from consumers working from home. Kohl's , which started selling Lands' End Inc's comfy clothes last year, now plans to launch its own athleisure brand FLX as it looks to increase store space allotted for activewear. Net sales fell to $5.88 billion in the fourth quarter from $6.54 billion a year earlier. The market expectation was $5.86 billion, according to IBES data from Refinitiv. The mid-priced chain said it expects earnings per share to be between $2.45 and $2.95 for 2021, excluding certain charges.
Kohl’s reported mixed results for its fiscal fourth quarter, delivering a 30% increase in profits but a 10% drop in sales
Kohl's Corp. undefined shares rose 1.8% in Tuesday premarket trading after the department store retailer reported fourth quarter earnings and sales that beat…
Kohl's on Tuesday reported fourth-quarter earnings and sales that topped analysts' estimates.
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