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 (NYSE: KSS) announced its commitment to community support by granting over $8 million to more than 150 local nonprofits across the U.S. this holiday season. These grants, ranging from $10,000 to $100,000, were awarded to organizations focused on family health and wellness as part of Kohl's A Community with Heart program. Since its inception in 2018, Kohl's has contributed over $19 million to such causes, exemplifying its dedication to social responsibility.
Kohl's Corporation (NYSE:KSS) reported impressive third quarter results, with net sales surging 15.5% to $4.6 billion and comparable sales rising 14.7%. The company achieved a record diluted earnings per share of $1.65, up from a loss of $0.08 a year prior. Kohl's raised its full year 2021 guidance, anticipating a mid-twenties percentage increase in net sales and adjusted earnings per share between $7.10 and $7.30. The firm also repurchased $506 million in shares, with plans for a total of $1.3 billion in buybacks this year.
The Board of Directors of Kohl’s Corporation (KSS) has declared a quarterly dividend of $0.25 per share on common stock. This dividend will be paid on December 22, 2021, to shareholders recorded by the close of business on December 8, 2021. Kohl’s continues to position itself as a leading omnichannel retailer with over 1,100 stores nationwide and an online presence through Kohls.com. The retailer aims to be the trusted choice for active and casual lifestyles while focusing on diversity and ESG stewardship.
Kohl’s (NYSE: KSS) announces extensive savings events for November, starting today with a Black Friday preview featuring hundreds of deals available both in-store and on Kohls.com. Customers can earn $15 in Kohl's Cash® for every $50 spent during the Black Friday Week from Nov. 21 to Nov. 26. Stores will close on Thanksgiving Day and reopen at 5 a.m. on Friday, Nov. 26. The retailer also highlights exclusive offers for Kohl’s Rewards and Card members throughout the holiday season.
Kohl’s (NYSE: KSS) has launched its holiday campaign, ‘Give With All Your Heart’, focusing on fostering connections and meaningful gifting. As part of its community initiative, Kohl’s will contribute $8 million to over 150 nonprofits, selected by its associates. The retailer is enhancing its digital and in-store experiences with new e-commerce fulfillment capabilities, an elevated product assortment, and live shopping events across social media platforms. The campaign aims to inspire belonging, giving, and a smoother shopping experience this holiday season.
Kohl's (NYSE: KSS) is launching two new collections of Kohl’s Cares merchandise, featuring popular literary and holiday characters. These collections include plush toys and children's books, available for $5 each. The fall collection includes titles like If You Give a Mouse a Cookie and The Rainbow Fish, while the upcoming holiday collection includes classics like The Grinch Who Stole Christmas. Net profits from sales support nonprofit organizations focused on child wellness. Since 2000, Kohl's Cares has raised over $385 million for community initiatives.
Kohl's (NYSE: KSS) has launched its 'Lowest Prices of the Season' event starting October 20, offering early holiday shoppers significant savings. Customers earn $5 Kohl's Cash for every $25 spent during the event from October 20 to 24. In addition, Kohl's is providing $5 off qualifying orders for those who choose in-store pickup, enhancing the convenience of online shopping. With over 1,100 stores nationwide, Kohl's is set to deliver must-have holiday gifts at great prices across various categories, making shopping easier for its customers this season.
Kohl's is set to donate $500,000 in grants to nonprofit organizations in the Milwaukee area starting September 6. The grants, ranging from $5,000 to $50,000, are part of Kohl's Hometown Giving Program and will support various community initiatives. Applications will be accepted until September 17, with recipients announced in early 2022. Since the program's launch in 2017, Kohl's has donated over $1.5 million to local nonprofits.
Nextech AR Solutions Corp has expanded its partnership with Kohls to scale up WebAR for Ecommerce, producing thousands of new 3D models. This development aims to enhance the AR shopping experience for Kohls' customers, allowing them to interact with products within any backdrop. Kohls' selection of Threedy.ai for this initiative promises ROI by boosting customer engagement and reducing return rates. Furthermore, Nextech's recent inclusion in Google's 3D AR Search Program will enhance visibility for Kohls' products in search results, leveraging AR technology to improve e-commerce.
Kohl’s Corporation (NYSE:KSS) reported strong financial results for the quarter ended July 31, 2021, with total revenue increasing by 30.5% year-over-year to $4,447 million. Net income surged to $382 million, significantly improved from $47 million in the previous year. Gross margin expanded by 942 basis points to 42.5%. The company raised its full-year financial outlook, projecting a low-twenties percentage increase in net sales and adjusted earnings per share between $5.80 and $6.10. A dividend of $0.25 per share was also declared.