reports
Moody's Ratings changes Kohl's outlook to stable from negative; affirm...
Moody's Ratings (Moody's) today changed Kohl's Corporation's (Kohl's) outlook to stable from negative. At the same time, Moody's Ratings affirmed Kohl's corporate family rating (CFR) at Ba2, its probability of default rating (PDR) at Ba2-PD and its senior unsecured ratings at Ba3. Its speculative g...
Kohl's Donates $5 Million to Alliance for a Healthier Generation to Im...
MENOMONEE FALLS, Wis.--(BUSINESS WIRE)-- (NYSE: KSS) announced today a $5 million commitment over three years to the (Healthier Generation), renewing the company’s support of its national nonprofit partner and further funding the initiative. Launched in 2019, the program emphasizes health equity and works in partnership with schools and community partners to provide physical and mental well-being resources designed to help families across the country live healthier lives. This press release features multimedia. View the full release here: “Creating healthier communities and supporting fam...
Kohl’s Unveils New Approach to Home, Delivering a New and Expanded Ass...
MENOMONEE FALLS, Wis.--(BUSINESS WIRE)-- Today, (NYSE: KSS) unveils its new approach to home – a strategy designed to deliver customers a fresh and expanded selection of stylish home and seasonal decor, all at affordable prices. The significantly expanded assortment, available now both in-store and online, offers customers an inspiring and discover-worthy curation of home and seasonal products in new categories and styles for every home. “We’ve been making meaningful changes to reposition and expand our home offerings over the past year and are excited to unveil Kohl’s new assortment of on-...
Kohl’s and WHP Global Announce New Strategic Partnership for Babies“R”...
MENOMONEE FALLS, Wis.--(BUSINESS WIRE)-- Kohl’s (NYSE: KSS) today announced a new partnership with WHP Global, the owner of the Babies“R”Us® brand, to bring baby gear, furniture, activity, and more to millions of growing families across the country, broadening the retailer’s reach with younger customers. The first Babies“R”Us shops will open in Kohl’s this August, with plans to roll out to approximately 200 stores in fall 2024. Customers will also be able to shop an expanded assortment of baby products on Kohls.com and take advantage of the Babies“R”Us at Kohl’s registry to easily build and sh...
Kohl's Reports Fourth Quarter and Full Year Fiscal 2023 Financial Resu...
MENOMONEE FALLS, Wis.--(BUSINESS WIRE)-- Kohl’s Corporation (NYSE:KSS) today reported results for the quarter and year ended February 3, 2024. Fourth quarter net sales decreased 1.1% and comparable sales decreased 4.3%; fiscal year 2023 net sales decreased 3.4% and comparable sales decreased 4.7% Fourth quarter diluted earnings per share (“EPS”) of $1.67 and fiscal year 2023 diluted EPS of $2.85 Operating cash flow of $789 million in fourth quarter and $1.2 billion for fiscal year 2023 Committed to further strengthening balance sheet and returning capital to shareholders through th...
Kohl's Named by Ethisphere as One of the 2024 World’s Most Ethical Com...
MENOMONEE FALLS, Wis.--(BUSINESS WIRE)-- For the sixth consecutive year, (NYSE: KSS) has been recognized by Ethisphere, a global leader in defining and advancing the standards of ethical business practices, as one of the ®. Kohl’s is one of only two honorees in the retail industry, with 136 honorees recognized this year, spanning 20 countries and 44 industries. Since 2007, the Ethisphere Institute has honored companies for setting the global standards of business integrity and corporate citizenship. The World's Most Ethical Companies assessment is grounded in Ethisphere's proprietary Ethics...
- Valens Research
KSS - Valens Credit Report - 2024 02 20
Credit markets are materially overstating KSS' credit risk with a YTW of 8.623% and CDS of 465bps, relative to an Intrinsic YTW of 6.652% and an Intrinsic CDS of 234bps. Furthermore, Moody's is overstating the company's fundamental credit risk, with its speculative Ba2 credit rating four notches lower than Valens' IG4+ (Baa1) credit rating. Incentives Dictate Behavior™ analysis highlights positive signals for credit holders. Management's compensation framework should drive them to focus on all...
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 April 3, 2024, to shareholders of record at the close of business on March 20, 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 serves millions of families in our more than 1,100 stores in 49 states, online at , and through our Kohl's App. For a lis...
Kohl’s Donates $1.5 Million to Hunger Task Force, Marking 15 Years of ...
MENOMONEE FALLS, Wis.--(BUSINESS WIRE)-- (NYSE: KSS) announced today a $1.5 million commitment to over two years, continuing one of the company’s longest hometown partnerships. As a leading anti-hunger organization in Wisconsin, Hunger Task Force provides food to a network of more than 60 partner food pantries, soup kitchens and homeless shelters across Milwaukee. Kohl’s funding will support the purchase and distribution of healthy foods – in compliance with the – at Hunger Task Force’s partner network across the greater Milwaukee area, in addition to providing kids with healthy options thr...
Wendy Arlin Appointed to Kohl's Board of Directors
MENOMONEE FALLS, Wis.--(BUSINESS WIRE)-- Kohl’s (NYSE: KSS) today announced that Wendy C. Arlin has joined its Board of Directors (the "Board") as an independent director. Ms. Arlin, who most recently served as Chief Financial Officer (CFO) for Bath & Body Works, Inc., brings more than three decades of experience in corporate finance, financial reporting, oversight and accounting, with deep expertise in the consumer industry. "We are pleased to welcome Wendy to the Board," said board chair Peter Boneparth. "Her deep financial, accounting and industry experience adds to the existing strength ...
Kohl’s Gifts $5 Million to 200 Nonprofits Nationwide on GivingTuesday ...
MENOMONEE FALLS, Wis.--(BUSINESS WIRE)-- This GivingTuesday, (NYSE: KSS) is announcing $5 million in grants to 200 nonprofits nationwide in support of improving family health and wellness. Each nonprofit was encouraged to apply by a Kohl’s associate. “From regional food banks and youth education programming to nonprofits supporting mental health and family wellness, Kohl’s is proud to donate $5 million in grants to 200 organizations across the country this GivingTuesday,” said Christie Raymond, Kohl’s chief marketing officer. “Giving back in the communities where we live and work is a core ...
Kohl's Reports Third Quarter Fiscal 2023 Financial Results
MENOMONEE FALLS, Wis.--(BUSINESS WIRE)-- Kohl’s Corporation (NYSE:KSS) today reported results for the third quarter ended October 28, 2023. Net sales decreased 5.2% and comparable sales decreased 5.5% Diluted earnings per share of $0.53 Inventory declined 13% Updates full year 2023 diluted earnings per share guidance to $2.30 to $2.70 Remains committed to strengthening balance sheet and to maintaining current dividend Tom Kingsbury, Kohl’s chief executive officer, said “Kohl’s third quarter earnings reflect strong gross margin and expense management as well as additional prog...
Kohl’s Declares Quarterly Dividend
MENOMONEE FALLS, Wis.--(BUSINESS WIRE)-- On November 7, 2023 the Board of Directors of Kohl’s Corporation (NYSE:KSS) declared a regular quarterly dividend of $0.50 per share on the Company’s common stock. The dividend is payable December 20, 2023, to shareholders of record at the close of business on December 6, 2023. 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 serves millions of families in our more than 1,100 stores in 49 states, online at , and through our K...
Kohl's Announces Board Leadership Transition Plan and New Director
MENOMONEE FALLS, Wis.--(BUSINESS WIRE)-- Kohl’s (NYSE: KSS) today announced a planned transition to its Board of Directors (the "Board"). Board Chair Peter Boneparth will retire from Kohl's at the end of his current term in May, and Michael Bender will become the next Board Chair upon his retirement. The Board also appointed Adolfo Villagomez as a new independent director, effective November 7. Mr. Villagomez, CEO of Progress Residential, brings more than two decades of leadership and retail experience, including previously serving in key leadership roles at The Home Depot, overseeing its $20 ...
Kohl’s Hometown Giving Program Donates Over $500,000 to Local Nonprofi...
MENOMONEE FALLS, Wis.--(BUSINESS WIRE)-- (NYSE: KSS) announced over $500,000 in total donations to more than 25 nonprofits serving families in Milwaukee and Waukesha Counties through the Kohl’s Hometown Giving Program. Nonprofits receiving grants provide local support across a number of causes including physical and mental health, access to the arts, environmental sustainability, and creating more equitable opportunities for underserved communities. The news was announced at the opening of Kohl's new store in downtown Milwaukee. “As a proud member of the greater Milwaukee area for more th...
Kohl’s Season of Savings Continues with Black Friday Early Access Even...
MENOMONEE FALLS, Wis.--(BUSINESS WIRE)-- Kohl’s (NYSE: KSS) announced today the kick off to a November packed with its annual Black Friday Early Access event and the unveiling of the retailer’s plans for Black Friday Week – including the first look at its . Kohl’s is delivering back-to-back savings opportunities on must-have gifts all month long and giving shoppers another reason to make Kohl’s their first stop on Black Friday with the return of the retailer’s YAY for Black Friday! Sweepstakes and the opportunity to win one of more than 200,000 prizes valued at over $1 million. New this year, ...
Kohl’s Delivers Gifts, Deals, and Holiday Feels with New Store Experie...
MENOMONEE FALLS, Wis.--(BUSINESS WIRE)-- Today, (NYSE: KSS) unveils its plans to deliver a holiday season bursting with gifts, great deals and an inspiring shopping experience for customers. From expanded gifting and home assortments and new in store curations, to fresh products and styles across categories for the whole family, Kohl’s is helping customers get holiday ready with festive favorites at low prices. "Millions of customers trust Kohl’s to help bring the magic of the season to life, and we are excited to once again, deliver an unmatched experience,” said Christie Raymond, Kohl's c...
Kohl’s Kicks Off Holiday Shopping With 3-Day Deal Dash, October 9th to...
MENOMONEE FALLS, Wis.--(BUSINESS WIRE)--Today, (NYSE: KSS) announced the start of holiday savings with the return of its Deal Dash event - with an additional day to save this year - featuring three days of incredible deals for all customers beginning next Monday, Oct. 9 and running through Wednesday, Oct. 11 at Kohl’s more than 1,100 stores and on Kohls.com. “We know shoppers are starting to shop and plan for the holidays earlier, and our customers loved our Deal Dash event last year, so are we bringing it back, making it longer and packing it with even more great deals and more ways to stre...
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