Edition:
United States

Kohls Corp (KSS.N)

KSS.N on New York Stock Exchange

45.38USD
4:02pm EDT
Change (% chg)

$0.49 (+1.09%)
Prev Close
$44.89
Open
$46.75
Day's High
$47.43
Day's Low
$45.27
Volume
1,299,772
Avg. Vol
1,040,478
52-wk High
$59.66
52-wk Low
$35.16

Latest Key Developments (Source: Significant Developments)

Kohls Corp - ‍82 stores to offer free returns for Amazon customers starting Oct
7:00am EDT 

Sept 19 (Reuters) - Amazon.Com Inc :Kohls Corp - ‍82 stores across Los Angeles and Chicago will be offering free, convenient returns for Amazon customers starting in October​.Kohls Corp - Kohl's will pack and ship eligible Amazon return items for free​.  Full Article

Kohl's announces new Amazon smart home experience at Kohl's stores
Wednesday, 6 Sep 2017 07:00am EDT 

Sept 6 (Reuters) - Kohls Corp ::Kohl's announces new Amazon smart home experience at Kohl's stores.Kohls Corp - ‍new Amazon smart home experience will be available in 10 select kohl's stores across Los Angeles and Chicago areas starting in October​.  Full Article

Kohl's conf call- Q2 inventory per store decreased 2 pct
Thursday, 10 Aug 2017 10:58am EDT 

Aug 10 (Reuters) - Kohls :On conf call- traffic still remains slightly negative in the quarter, an improvement in traffic was the driver of improved performance in sales.On conf call- Q2 inventory per store decreased 2%.On conf call- stores fulfilled 31% of our online demand units in Q2.As part of small stores strategy, will open 4 new 35,000 sq.foot stores in October in more dense trade areas.Difference between merchandise margin, which rose, and gross margin, which didn't, was a function of an accelerated rate of growth in digital business.Active business produced a mid-teen double-digit increase over last year across both footwear and apparel, driven by addition of Under Armour, Nike and Adidas sales increases.Now believe that we can capture over $250 million of SG&A savings from current annualized rate over next 3 years.  Full Article

Kohl's Corporation posts Q2 adj. earnings $1.24/shr
Thursday, 10 Aug 2017 07:00am EDT 

Aug 10 (Reuters) - Kohls Corp :Kohl's Corporation reports second quarter financial results.Kohls Corp - qtrly sales $‍4,144​ million versus $4,182 million last year.Kohls Corp - qtrly earnings per share ‍$1.24​.Kohls Corp - qtrly comparable store sales down ‍0.4​ percent.Kohls Corp - ‍on August 8, 2017, Kohl's board of directors declared a quarterly cash dividend on company's common stock of $0.55 per share​.Q2 earnings per share view $1.19, revenue view $4.13 billion -- Thomson Reuters I/B/E/S.Qtrly earnings per share excluding items $1.24.  Full Article

Kohl’s announces Bruce Besanko as chief financial officer
Tuesday, 27 Jun 2017 08:00am EDT 

June 27 (Reuters) - Kohls Corp ::Kohl's announces Bruce Besanko as chief financial officer.Says Bruce H. Besanko appointed CFO.Kohls Corp - appointment of Bruce H. Besanko to position of chief financial officer.Kohls Corp - Besanko spent four years with Supervalu in financial leadership roles, including chief operating officer and chief financial officer.  Full Article

Kohl hires Bruce Besanko as CFO from Supervalu - WSJ, citing sources
Tuesday, 27 Jun 2017 07:30am EDT 

June 27 (Reuters) - :Kohl hires Bruce Besanko as CFO from Supervalu - WSJ, citing sources.  Full Article

Kohl's CEO - Saw strength across activewear due in large part to launch of Under Armour
Thursday, 11 May 2017 11:47am EDT 

May 11 (Reuters) - Kohls Corp :On conf call- Q1 average transaction value increased driven by a continued increase in average unit retail.CEO -saw strength across active businesses due in large part to launch of Under Armour <<>>, which has exceeded our expectations.CEO -inventory effectiveness initiatives, including supply chain speed initiative, localization efforts and leveraging store inventories for online demand fulfillment, helped inventory and gross margin results.CEO -buy online, pick up in store demand reached 13% of online orders, up from 8% last year.CEO -will be launching a very targeted effort to capture sales from competitor stores that are closing.CEO -plan to open 4 new 35,000 square foot stores this fall in very dense existing markets.CEO -will continue reducing the number of private-label brands we offer in women's to "help" sales of bigger brands such as sonoma.  Full Article

Kohl's Corp's qtrly comparable store sales down 2.7 pct
Thursday, 11 May 2017 07:00am EDT 

May 11 (Reuters) - Kohls Corp : :Kohl's Corporation reports first quarter financial results.Kohls Corp - qtrly sales $ 3,843 million versus $3,972 million last year.Kohls Corp - qtrly comparable store sales down 2.7 percent.Kohls Corp - qtrly reported diluted earnings per share $0.39.Q1 earnings per share view $0.29, revenue view $3.90 billion -- Thomson Reuters I/B/E/S.Kohls Corp - excluding non-recurring items, qtrly diluted earnings per share $ 0.39.Kohls Corp - on May 10, 2017, Kohl's board of directors declared a quarterly cash dividend on company's common stock of $0.55 per share.  Full Article

Kohls appoints Kevin Mansell as interim principal financial officer
Wednesday, 10 May 2017 05:41pm EDT 

May 10 (Reuters) - Kohls Corp ::Kohls - on May 10, following previously announced retirement of Wesley Mcdonald as CFO, appointed Kevin Mansell as interim principal financial officer.Kohls Corp- Mansell currently serves company as chairman of board, president and chief executive officer - SEC filing.  Full Article

Kohl's says launched profit improvement project "to take significant expense out"
Thursday, 23 Feb 2017 10:25am EST 

Kohls Corp : On conf call- Q4 average transaction value increased 3.8 percent . On conf call- accessories weakest catgeory in q4 . On conf call- Q4 transactions per store declined 6 percent . On conf call- $350 million of $700 million full-year capex for it spending . On conf call- national brands were 54 percent of total sales in 2016 . Localization efforts now impact about 85% of assortment, they are having a positive impact on sales as well as reducing inventory levels . Mobile devices account for 50 percent of our online traffic . Have launched a profit improvement project "to take significant expense out of our company", expect some impact this year, majority impact will be in 2018 and 2019. . Believe that overall we have retained about a third of sales from stores closed last year . Expect more significant improvement in gorss margin in Q1 with remainder of the year with very modest improvement . CEO- "we will achieve a rationalization of square footage over time, not necessarily fewer stores but probably less square footage" . CFO- "500 of our 1,150 some stores are going to be run like a smaller store... We are looking for opportunities to bring in other retailers to take that square footage that we are able to carve out to drive some additional traffic " . CEO- "we've really dramatically reduced inventories this year so our clearance levels and fall transitional inventories are way down compared to last year".  Full Article

Photo

Kohl's to accept Amazon returns in 82 stores

Department store operator Kohl's Corp said it would accept returns of select items bought from Amazon.com Inc at some of its stores in Los Angeles and Chicago, expanding its partnership with the ecommerce giant.