Kohls Corp (KSS.N)
13 Jan 2017
Fri, Jan 6 2017
(The following statement was released by the rating agency) NEW YORK, January 06 (Fitch) Fitch Ratings has affirmed the Long-Term Issuer Default Rating (IDR) for Kohl's Corporation (Kohl's) at 'BBB'. The Rating Outlook has been revised to Negative from Stable. A full list of ratings is provided at the end of this release. The Negative Outlook reflects Fitch's reduced confidence in Kohl's ability to stabilize comparable store sales and therefore EBITDA over the next 24-36 months. EBITDA is
Department store chains Macy's Inc and Kohl's Corp both cut their 2016 profit forecasts on Wednesday, after holiday season sales fell more than expected, pushing down shares in the retail sector in extended trading.
Macy's Inc and Kohl's Corp struck an optimistic note going into the holiday shopping season, giving a rare boost to shares of department store operators, which have struggled to grow in the face of intense competition from online retailers.
Department store operator Kohl's Corp reported a better-than-expected quarterly profit, helped mainly by cost-cutting, and the company reaffirmed its full-year profit forecast.
Nov 10 Department store operator Kohl's Corp reported a better-than-expected quarterly profit, helped mainly by cost-cutting, and the company reaffirmed its full-year profit forecast.
Nov 10 Department store operator Kohl's Corp reported a better-than-expected 21.7 percent jump in quarterly profit on Thursday, helped mainly by cost-cutting.
* Kohl's will be conducting a comprehensive search for CFO position over next few months
Amazon.com Inc said it would hire more than 120,000 seasonal workers in the United States for the holiday season, 20 percent more than last year, highlighting the growing threat the e-commerce giant poses to traditional retailers. | Video
* Kohl's launches kohl's pay nationwide Source text for Eikon: Further company coverage: ;))
Department store operator Kohl's Corp said on Monday it would hire more than 69,000 extra workers in the United States this holiday shopping season, about the same as last year, echoing larger retailer Target Corp's decision to keep seasonal hiring around last year's level.