Kohl’s Corporation reports news on its omnichannel retail business, which serves customers through more than 1,100 stores in 49 states, Kohls.com and the Kohl’s App. Updates commonly cover net sales, comparable sales, SG&A expense, operating income, cash flow, balance-sheet actions and quarterly dividends on KSS common stock.
Company announcements also address merchandising and seasonal promotions across apparel, shoes, accessories, beauty and home categories, including national and only-at-Kohl’s brands, Kohl’s Cash offers and digital shopping tools. Other recurring topics include executive leadership changes and community partnerships such as Kohl’s Cares and local hunger-relief initiatives.
Kohl's Corporation (NYSE: KSS) announced that CEO Michelle Gass will step down on December 2, 2022. Tom Kingsbury has been appointed as Interim CEO during the search for a permanent replacement. The company revealed preliminary third-quarter results indicating a 6.9% drop in comparable sales and a 7.2% decline in net sales year-over-year. Operating margin stood at 4.7%, with diluted earnings per share estimated at $0.82. Full results will be disclosed on November 17.
Included Health has announced the appointment of Michael Bender to its Board of Directors, succeeding Hill Ferguson, the former CEO of Doctor On Demand, who has stepped down as previously planned during the merger with Grand Rounds Health. Bender brings over 30 years of experience in healthcare and consumer-facing organizations, having held leadership roles at Eyemart Express and Walmart. Owen Tripp, the current CEO, expressed confidence in Bender's ability to tackle industry challenges and emphasized the company's mission to lead in integrated care delivery.
Kohl's (NYSE: KSS) has announced a series of promotions for Black Friday, including its TGIBF! Sweepstakes, offering over $1 million in prizes to in-store shoppers on Nov. 25. The retailer is unveiling its Black Friday Ad featuring deals over six days, starting with an Early Access event from Nov. 4. Customers can earn $15 in Kohl's Cash for every $50 spent. Stores will open at 5 a.m. on Black Friday, with extended deals leading into Cyber Days.
Kohl’s (NYSE: KSS) has launched its holiday marketing campaign, "More Gifts. More Savings," aimed at providing customers with exceptional gifts at great prices. The campaign includes influencer-curated gift lists, a new gift list building tool, and $25,000 in gift cards as prizes for participants. Kohl's will also introduce various social media activations to enhance customer engagement and shopping convenience. The campaign emphasizes value, with promotions running until Christmas Day, positioning Kohl’s as a go-to destination for holiday shopping.
Kohl's (NYSE: KSS) announced a comprehensive lineup of holiday savings events for November, featuring exclusive deals and promotions to attract customers during the shopping season. Starting with Black Friday Early Access on November 4, customers can earn $15 Kohl's Cash for every $50 spent. Kohl's Rewards members benefit from daily 5% rewards, with additional perks for cardholders. Exciting holiday deals continue throughout the month, including Dashing Deal Days and Black Friday Week, offering extra discounts and promotions on popular gift items, enhancing the shopping experience.
Kohl's (NYSE: KSS) has launched its holiday portfolio, emphasizing a diverse range of national and private brands across categories like outdoor gear, smart home technology, and beauty. With 600 Sephora locations now open in-store, shoppers gain access to prestige beauty products for gifting. Additional offerings include apparel for various occasions and expanded gifting options for pets and home technology. Kohl's aims to attract holiday shoppers with competitive prices, digital conveniences, and a commitment to meeting diverse customer needs through its extensive product array.
Kohl's (NYSE: KSS) has announced a donation of $150,000 to the American Red Cross to assist communities affected by Hurricane Ian. The company will also provide emergency financial support to impacted associates through its Associate Relief Fund and offer compensation for those whose stores closed during the hurricane. Additionally, Kohl's is promoting volunteer efforts among its associates by doubling the reward grant to $50 for hours volunteered with the Red Cross. Since 2001, the company has donated over $9.7 million to the Red Cross.
Kohl's (NYSE: KSS) has officially launched its holiday season sales, offering value and savings from October 6 through Christmas Day. Shoppers can earn and redeem Kohl's Cash, with new earning opportunities from Cyber Monday to Christmas Eve, and for the first time, Kohl’s Rewards members can earn 7.5% rewards on purchases made with a Kohl’s Card. Customers can expect weekly deals on top toys, expanded LEGO assortments, and exclusive promotions, including a ‘Bricktober’ event. This holiday season emphasizes value, marking a strategic focus on customer accessibility and pricing.
Ancora Holdings Group has expressed strong dissatisfaction with Kohl's leadership, citing a troubling strategic review, credit downgrade, and significant sales decline. The firm's letter emphasizes that under the current Board and CEO Michelle Gass, Kohl's share price has plummeted by 45% in the past year. Ancora urges the Board to appoint a new Chairman and initiate a CEO succession plan, highlighting the need for experienced leadership capable of executing a successful turnaround strategy, particularly in the face of rising costs and competition.
Kohl’s (NYSE: KSS) has launched a new collection of adult adaptive apparel across its private-label brands, including Sonoma Goods for Life, Tek Gear, and SO. Designed with GAMUT Management, these garments prioritize comfort, ease of dressing, and style. The collection addresses the needs of over 41 million Americans living with disabilities, aiming to enhance their self-expression with functional and accessible clothing options. This initiative reflects Kohl’s commitment to diversity and inclusion, expanding on its existing adaptive offerings for children.