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Kohls Corp (KSS)

KSS on New York Consolidated

38.73USD
26 May 2017
Change (% chg)

$-0.14 (-0.36%)
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$38.87
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Latest Key Developments (Source: Significant Developments)

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

Kohl's Corp Q4 comparable store sales down 2.2 pct
Thursday, 23 Feb 2017 07:00am EST 

Kohls Corp : Kohl's Corporation reports financial results . Qtrly diluted earnings per share $1.44 . Kohls Corp - qtrly comparable store sales were down 2.2 percent . Sees FY 2017 earnings per share $3.50 to $3.80 . Sees 2017 comparable sales change of down 2 percent to 0 percent . Sees 2017 gross margin as a percentage of sales to increase 10 to 15 basis points over 2016 . Sees 2017 total sales change of down 1.3 percent to up 0.7 percent .FY 2017 earnings per share view $3.64, revenue view $18.70 billion -- Thomson Reuters I/B/E/S.  Full Article

Kohl's CEO on conf call- Targeting end of Q3 inventory to be down in mid-single digits
Thursday, 11 Aug 2016 09:20am EDT 

Kohls Corp : CFO on conf call - our teams continue to aggressively and effectively manage store payroll as sales trends change . CEO - targeting end of Q3 inventory to be down in mid-single digits . CEO - our receipts will be down in Q3 and slightly up in Q4 as we bring in more transitional receipts than we did last year for holiday season . CEO - expect adding Under Armour will attract new customers to our stores . CEO - "one big initiative that we need to take across more of our private and exclusive brands is the need to improve our speed to market" . Ceo- " while Q2 performance and sales certainly improved over Q1, we did have declines in foot traffic in stores generally, this needs to be reversed to positive" . CFO- we haven't seen a big sales pickup from the Macy's store closures . CFO- "as we look into the fall and holiday , we've planned down seasonal categories substantially more than the overall business" . On conf call - Q2 gross margin increase was driven by savings in both promotional markdown and permanent clearance markdowns . CEO - May was weakest month of Q2, June aided by favorable weather, July finished very strong . CEO - being very conservative in our cold weather categories as we expect q3 to be soft, with q4 improving versus last year's mild winter . CEO - will be opening 6 smaller-format stores in Q3, adding to 2 opened in Q1.  Full Article

Kohls qtrly diluted earnings per share $0.77
Thursday, 11 Aug 2016 07:00am EDT 

Kohls Corp : Sees fy 2016 earnings per share $3.12 to $3.32 . Sees fy 2016 earnings per share $3.80 to $4.00 excluding items . Kohl's corporation reports second quarter financial results . Now expects its fiscal 2016 diluted earnings per share to be $3.12 to $3.32 per diluted share. . Qtrly diluted earnings per share $ 0.77 . Qtrly sales $4,182 million versus $4,267 million . Qtrly adjusted earnings per share excluding items $1.22 . Qtrly comparable store sales down 1.8% . "sales improved over our q1 results, but were below our expectations" . Excluding impairments, store closing and other costs, fiscal 2016 diluted earnings per share is expected to be $3.80 to $4.00 . Fy2016 earnings per share view $3.98, revenue view $19.20 billion -- Thomson Reuters I/B/E/S . Q2 earnings per share view $1.03, revenue view $4.16 billion -- Thomson Reuters I/B/E/S ."we are encouraged by performance of juniors and young men's as we enter back-to-school season".  Full Article

Kohl's Corp names Adrianne Shapira as new board member
Wednesday, 10 Aug 2016 04:15pm EDT 

Kohls Corp : Kohl's Corporation announces board changes . Dale Jones resigned as a member of board of directors of company . Kohl's Corporation announces board changes . Board of directors elected Adrianne Shapira as a new board member, effective immediately .Jones tendered his resignation due to scheduling conflicts with his other personal and professional commitments.  Full Article

Kohl's announces new partnership with Under Armour to propel its active business
Wednesday, 27 Jul 2016 08:00am EDT 

Kohls Corp: Kohl's announces new partnership with Under Armour to propel its active business .Under Armour will be available at kohl's stores nationwide, kohls.com in early 2017 in women's, men's, kids, accessories, footwear, home.  Full Article

Under Armour expects Q3 sales to grow by about 20 pct
Tuesday, 26 Jul 2016 11:07am EDT 

Under Armour Inc : Sees FY gross margins to be down slightly - conf call . Sees Q3 sales to grow by about 20% - conf call . Under Armour Sportswear (UAS) the first product of the line will be available in September - conf call . Will bring the Under Armour brand to Kohl's starting in 2017 - conf call . Sees Q3 sales to be impacted by sports authority liquidation - conf call Further company coverage: [UA.N] (Bengaluru Newsroom: +1 646 223 8780).  Full Article

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