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Kohl's Corporation (symbol: KSS) is a leading American department store chain, headquartered in Menomonee Falls, Wisconsin. Established in 1962, Kohl's operates approximately 1,174 stores across 49 states, primarily located in strip centers. The retailer offers a wide range of products, including private-label and national brand clothing, shoes, accessories, cosmetics, and home furnishings. Women's apparel is the largest category, contributing to 26% of the company's 2023 sales.
Kohl's is committed to inspiring and empowering families to lead fulfilled lives through its diverse product offerings and exceptional customer service. The company’s mission extends beyond retail, as it actively engages in various community support programs. Through initiatives like Kohl’s Cares and Associates in Action, Kohl's contributes significantly to youth-serving nonprofit organizations and environmental conservation efforts.
Financially, Kohl's maintains a robust presence in both physical and digital retail spaces. The company has successfully expanded its e-commerce operations, ensuring a seamless shopping experience for customers nationwide. Recent achievements include collaborations with notable brands and the introduction of innovative products to meet the evolving needs of consumers.
Kohl's strong emphasis on corporate responsibility is evident in its environmental sustainability efforts. The retailer seeks innovative solutions to promote long-term stability, reflecting its dedication to being a responsible community member. Investors benefit from the company’s transparent and timely information, underscoring Kohl's commitment to maintaining trust and accountability.
In summary, Kohl's Corporation stands out for its extensive product range, community involvement, and sustainable practices, making it a significant player in the retail industry.
Kohl's (NYSE: KSS) has launched its back-to-school campaign, offering savings and new, on-trend merchandise for families. The collection features popular brands such as Too, Aéropostale, Nike, adidas, and Under Armour, with essential items like tees, denim, and sneakers priced under $20. Special promotions include Kohl's Cash®, Kohl's Rewards®, tax-free weekends, and exclusive deals on dorm room essentials. Additionally, Kohl's is donating over $250,000 to Boys & Girls Clubs of America for back-to-school shopping grants, aiming to support communities nationwide.
Kohl's (NYSE: KSS) reported its first-quarter fiscal 2024 financial results, ending May 4, 2024, with a net sales decrease of 5.3% to $3.2 billion and a comparable sales decline of 4.4%. Regular price sales rose 2.4%, but clearance sales negatively impacted overall comparable sales by 600 basis points. The gross margin increased by 48 basis points to 39.5%. The company recorded a diluted loss per share of $0.24, compared to a net income of $0.13 per share in the prior year. Inventory levels were down 13% year-over-year. Kohl's updated its financial outlook for full-year 2024, expecting net sales to decrease between 2% and 4%, with diluted EPS projected to range from $1.25 to $1.85.
The company is committed to returning capital to shareholders via a $0.50 per share dividend, payable on June 26, 2024. Despite the first quarter's underperformance, CEO Tom Kingsbury expressed confidence in strategic initiatives, including partnerships with Sephora and Babies 'R' Us.
The Board of Directors of Kohl’s (NYSE:KSS) has declared a regular quarterly dividend of $0.50 per share on the company's common stock.
The dividend will be payable on June 26, 2024, to shareholders of record at the close of business on June 12, 2024.
Kohl’s is a leading omnichannel retailer, operating over 1,100 stores across 49 states and offering online shopping through its website and app.
Kohl’s (NYSE: KSS) held its annual shareholders meeting in Menomonee Falls, Wis. Shareholders elected eleven board members, including Wendy Arlin and Michael J. Bender, with an average approval rate of over 96%. The advisory vote to approve executive compensation received over 92% support. The appointment of Ernst & Young LLP as the independent auditor for 2024 was ratified with more than 94% approval. Shareholders approved the 2024 Long-Term Compensation Plan by over 93%. However, a proposal for a Corporate Financial Sustainability Report was rejected, receiving less than 6% support. Final results will be filed on Form 8-K.
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