reports
Moody's Ratings downgrades Kohl's CFR to Ba3; outlook negative
Moody's Ratings (Moody's) today downgraded Kohl's Corporation's (Kohl's) corporate family rating (CFR) to Ba3 from Ba2, its probability of default rating (PDR) to Ba3-PD from Ba2-PD and its senior unsecured ratings to B1 from Ba3. Its speculative grade liquidity rating (SGL) was also downgraded to S...
Kohl’s Announces More Than $1 Million in Donations this GivingTuesday
MENOMONEE FALLS, Wis.--(BUSINESS WIRE)-- In recognition of GivingTuesday, (NYSE: KSS) announced more than $1 million in total grants to more than 40 nonprofits nationwide through the Kohl’s Cares® National Giveback Initiative in support of improving family health and wellness. Each nonprofit will receive a $25,000 grant. “We’re proud to further our commitment to improving family health and wellness around the country this holiday,” said Christie Raymond, Kohl’s chief marketing officer. “Giving back to our communities year-round is an important part of who we are at Kohl’s, and this initiati...
Kohl’s Tells Shoppers: “Your Cart, Our Treat”; Unveils Plans to Pay fo...
MENOMONEE FALLS, Wis.--(BUSINESS WIRE)-- Kohl’s (NYSE: KSS) is spreading more holiday cheer with the launch of its new Giveaway Saturday events, offering customers shopping in stores nationwide a chance to have their cart paid for in December*. Beginning this Saturday, December 7 and continuing each Saturday leading up to Christmas, the new events give Kohl’s shoppers more ways to save big on all their holiday gifting and celebration needs this December. “Surprising customers and gifting them a cart full of merchandise is a fun way to get in the holiday spirit, and one of the many ways we ar...
Kohl's Reports Third Quarter Fiscal 2024 Financial Results
MENOMONEE FALLS, Wis.--(BUSINESS WIRE)-- Kohl’s Corporation (NYSE:KSS) today reported results for the third quarter ended November 2, 2024. Net sales decreased 8.8% and comparable sales decreased 9.3% Diluted earnings per share of $0.20 Updates full year 2024 financial outlook Kohl’s Board announces CEO transition process Tom Kingsbury, Kohl’s chief executive officer, said “Our third quarter results did not meet our expectations as sales remained soft in our apparel and footwear businesses. Although we had a strong collective performance across our key growth areas, including Se...
Kohl's Announces CEO Transition Process
MENOMONEE FALLS, Wis.--(BUSINESS WIRE)-- Kohl’s Corporation ("Kohl’s" or the "Company") (NYSE: KSS) today announced that Chief Executive Officer Tom Kingsbury plans to step down as CEO, effective January 15, 2025. He will stay on in an advisory role to the new CEO and retain his position on Kohl's Board of Directors (the "Board") through his retirement in May 2025, after which the size of the board will be reduced by one. The Board has appointed retail veteran Ashley Buchanan as CEO, effective January 15. Buchanan has been CEO of Michaels Companies since 2020 and, prior to that, has held a v...
Kohl’s Gifts More Than $500,000 to Local Nonprofits Through Hometown G...
MENOMONEE FALLS, Wis.--(BUSINESS WIRE)-- (NYSE: KSS) today announced more than $500,000 in total donations to more than 25 nonprofits in Milwaukee and Waukesha counties through the Kohl’s Cares Hometown Giving Program. Nonprofits supporting Kohl’s philanthropic mission of improving family health and wellness in Milwaukee and Waukesha counties were selected following an open-application process; each nonprofit will receive a grant ranging from $5,000 to $25,000. “Caring about our communities is at the heart of what we do at Kohl’s, especially during the holiday season,” said Tara Geiter, Koh...
Kohl’s Declares Quarterly Dividend
MENOMONEE FALLS, Wis.--(BUSINESS WIRE)-- The Board of Directors of Kohl’s Corporation (NYSE:KSS) today declared a regular quarterly dividend of $0.50 per share on the Company’s common stock. The dividend is payable December 24, 2024, to shareholders of record at the close of business on December 11, 2024. About Kohl’s Kohl’s (NYSE: KSS) is a leading omnichannel retailer built on a foundation that combines great brands, incredible value and convenience for our customers. Kohl’s is uniquely positioned to deliver against its long-term strategy and its purpose to take care of families’ realest...
Kohl’s Black Friday Savings Begin Today with Early Access to Deals on ...
MENOMONEE FALLS, Wis.--(BUSINESS WIRE)-- Kohl’s (NYSE: KSS) today kicked off its Black Friday savings events with a three-day Black Friday Early Access event featuring deep discounts on hundreds of holiday gifts, decor and apparel for the whole family. Starting today, Friday, Nov. 8 through Sunday, Nov. 10, gives customers their first opportunity to snag big deals across categories - both in store and on Kohls.com. Just a few of the great offers include 70% off select fine jewelry; 50% off toys from brands like Hot Wheels and Disney (select styles), up to 50% off First Aid Beauty, Kiehls Sin...
Kohl’s Delivers More Gifts, Great Prices and New Store Experiences Thi...
MENOMONEE FALLS, Wis.--(BUSINESS WIRE)-- Today, Kohl’s (NYSE: KSS) unveils its plans for the holiday season to deliver more gifts at affordable prices, an inspiring shopping experience featuring new in-store curations, and value all season long, with new deals every week throughout November and December. “Kohl’s understands how busy the holiday season is for families, so we’re ready to help with everything they need to prepare and celebrate from decorating to gifting and hosting,” said Nick Jones, Kohl’s chief merchandising officer. “Our expanded assortment across categories further positions...
Kohls Corp: 1 director
A director at Kohls Corp sold 16,367 shares at 19.270USD and the significance rating of the trade was 51/100. Is that information sufficient for you to make an investment decision? This report gives details of those trades and adds context and analysis to them such that you can judge whether these trading decisions are ones worth following. Included in the report is a detailed share price chart which plots discretionary trades by all the company's directors over the last two years clearly show...
Kohl’s Offers Customers the Season’s Hottest Toys at Great Prices
MENOMONEE FALLS, Wis.--(BUSINESS WIRE)-- Today, Kohl’s (NYSE: KSS) is unveiling its featuring favorite brands, including Barbie, LEGO®, Nerf, and more. This holiday season, customers will find the toys on every kid’s list at Kohl’s, with options at a variety of price points, exclusive products, and a LEGO® Extravaganza event featuring savings opportunities on select LEGO®-branded items. Kohl’s of 2024 Step2 Shopping Cart - Kohl’s Exclusive Potato Head Super Spud - Kohl’s Exclusive Ooni Toy Pizza Oven Little People Fisher-Price Safari Train - Kohl’s Exclusive Skyrocket AI Bear Poe ...
Kohl's Celebrates Life’s Real Moments with New Brand Platform, “Where ...
MENOMONEE FALLS, Wis.--(BUSINESS WIRE)-- (NYSE: KSS) today unveiled its new brand platform, “Where Families Come First,” which celebrates families of all kinds and embraces the real, messy and beautiful moments together. Kohl’s has been serving millions of families for more than 60 years, playing a part in major life moments and the everyday. With its new platform, unmatched value and enhanced product assortment, Kohl’s is further positioning itself as the destination for families, bringing forward all of the company’s offerings for life’s milestones, both big and small. “Kohl’s has always ...
Kohl's Reports Second Quarter Fiscal 2024 Financial Results
MENOMONEE FALLS, Wis.--(BUSINESS WIRE)-- Kohl’s Corporation (NYSE:KSS) today reported results for the second quarter ended August 3, 2024. Net sales decreased 4.2% and comparable sales decreased 5.1% Gross margin increased 59 basis points Diluted earnings per share of $0.59 versus $0.52 in the prior year Inventory declined 9% Updates full year 2024 financial outlook Committed to returning capital to shareholders through the dividend and further strengthening balance sheet Tom Kingsbury, Kohl’s chief executive officer, said, “We have taken significant action to reposition K...
Kohl’s Declares Quarterly Dividend
MENOMONEE FALLS, Wis.--(BUSINESS WIRE)-- The Board of Directors of Kohl’s Corporation (NYSE:KSS) today declared a regular quarterly dividend of $0.50 per share on the Company’s common stock. The dividend is payable September 25, 2024, to shareholders of record at the close of business on September 11, 2024. About Kohl’s Kohl’s (NYSE: KSS) is a leading omnichannel retailer built on a foundation that combines great brands, incredible value and convenience for our customers. Kohl’s is uniquely positioned to deliver against its long-term strategy and its purpose to take care of families’ reale...
Kohl's Donates More Than $2.5 Million to Seven Milwaukee Nonprofits
MENOMONEE FALLS, Wis.--(BUSINESS WIRE)-- (NYSE: KSS) announced today more than $2.5 million in commitments to Milwaukee-area nonprofits through partnership renewals with Acts Housing, Boys & Girls Clubs of Greater Milwaukee, Greater Milwaukee Urban League, Milwaukee Art Museum, Ronald McDonald House Charities Eastern Wisconsin, Safe & Sound, and Zoological Society of Milwaukee. This support furthers Kohl’s commitment to helping improve the health and wellness of families in its hometown. “It’s an honor for Kohl’s to call the Milwaukee area home, and we are proud to do our part in making our...
Back to School, Back to Kohl’s With Savings and Style
MENOMONEE FALLS, Wis.--(BUSINESS WIRE)-- Kohl’s (NYSE: KSS) is making easy for families with more ways to save on quality merchandise. This season, families will find new brands, trend-right apparel and essentials, including hundreds of staples under $20, including tees, shorts and denim. "We know the back-to-school time frame can be very busy for families, so we’re making their shopping experience simple and affordable, while also offering the style and trends kids want,” said Nick Jones, Kohl’s chief merchandising officer. “Kohl’s is positioned to deliver all the products families need at...
Kohl's Reports First Quarter Fiscal 2024 Financial Results
MENOMONEE FALLS, Wis.--(BUSINESS WIRE)-- Kohl’s Corporation (NYSE:KSS) today reported results for the first quarter ended May 4, 2024. Net sales decreased 5.3% and comparable sales decreased 4.4% Regular price sales increased 2.4% with clearance impacting overall comp by more than 600 basis points Gross margin increased 48 basis points Diluted loss per share of $0.24 Inventory declined 13% Updates full year 2024 financial outlook Committed to returning capital to shareholders through the dividend and further strengthening balance sheet through long-term debt reduction in 2...
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