Kohls Corp Stock Price, News & Analysis

Kohl’s Corporation (NYSE:KSS) announced the mailing of definitive proxy materials for its Annual Meeting of Shareholders on May 12, 2021. Shareholders of record as of March 24, 2021, are eligible to vote. The Board emphasizes its commitment to enhancing shareholder value through a new growth strategy initiated in October 2020, which has led to a 200% stock price increase, outperforming the S&P 500. Additionally, digital sales grew over 20% year-over-year in Q4 2020. The Board urges shareholders to reject the activist group's proxy card, asserting that their nominees would hinder progress.

Macellum Advisors, Ancora Holdings, Legion Partners, and 4010 Capital have filed a definitive proxy statement for board nominees at Kohl's Corporation (KSS). The Investor Group collectively owns 14,950,605 shares, representing about 9.5% of KSS's common stock. The group highlights Kohl's chronic stock underperformance, the necessity for a new strategy, and accountability for flawed executive compensation practices. They advocate for a refreshed board to unlock value creation, asserting the superior skillsets of their nominees compared to the current directors. Shareholders are encouraged to vote the WHITE Proxy Card.

Kohl’s Corporation (NYSE: KSS) has issued a statement rejecting the proposals from activist investors aiming for short-term financial engineering. The company emphasizes its commitment to sustainable growth, with stock appreciating nearly 200% since announcing a new strategy in October, significantly outperforming the S&P 500. Kohl’s Board has refreshed 50% of its members since 2016, enhancing relevant expertise crucial for future growth, particularly in digital areas. The company is open to discussions with activist investors while maintaining its focus on long-term profitability.

Macellum Advisors, Ancora Holdings, Legion Partners, and 4010 Capital have filed a revised preliminary proxy statement to nominate five new directors for Kohl’s Corporation (KSS) Board. The Investor Group collectively owns approximately 9.5% of Kohl's stock and aims to replace incumbents they consider unqualified. They criticize the current Board's failure to enhance shareholder value and propose nominees with significant retail expertise. The goal is to construct a competent Board to drive sustainable growth and address past stagnation in Kohl’s performance.

Kohl’s Corporation (NYSE: KSS) released an updated investor presentation highlighting its strategic initiatives and Board capabilities amidst activist investor challenges. Key points include strengthening its competitive position in a changing retail landscape, a strategic framework aiming for a 7%-8% operating margin, and a partnership with Sephora to boost beauty sales. The presentation emphasizes the experience and capabilities of Kohl’s Board compared to activist investors, asserting confidence in engagement and resistance to control attempts. The Company continues to focus on driving long-term shareholder value amidst ongoing market changes.

Macellum Advisors, Ancora Holdings, Legion Partners, and 4010 Capital, together owning approximately 9.5% of Kohl's Corporation (NYSE: KSS), are urging shareholders for Board changes ahead of the 2021 Annual Meeting. They criticize the Board's recent performance, claiming lack of retail expertise has led to weak earnings and disappointing 2021 guidance, with projected sales and earnings declining by 8.5% and 44% from 2019 levels. They argue that Kohl's needs a refreshed Board to enhance market competitiveness and shareholder value, citing the failed track record of the current Board.

Kohl’s (NYSE: KSS) has announced a one-year donation of $250,000 to support the Milwaukee Public Museum's Thank You Thursdays, offering free access to visitors on the first Thursday of each month. This initiative, launching on March 18, 2021, aims to enhance community engagement, allowing nearly 190,000 guests free admission since its inception. Kohl's has contributed over $785 million to community support nationwide, with more than $2 million specifically for the Milwaukee Public Museum, highlighting its commitment to community involvement.

Kohl’s Corporation (NYSE: KSS) reported significant declines in total revenue for the year ending January 30, 2021, down 20.1% to $15,955 million from $19,974 million in 2019. The company experienced a net loss of $163 million compared to a profit of $691 million the previous year. Despite these challenges, Kohl's reported a 29% increase in net income for the fourth quarter, totaling $343 million with earnings per share at $2.20. The 2021 outlook predicts a mid-teen increase in net sales and a return to capital allocation strategies, including dividends and share buybacks.

Kohl’s (NYSE: KSS) has been recognized by Ethisphere as one of the 2021 World’s Most Ethical Companies for the third consecutive year. This annual assessment evaluates companies based on ethics, compliance, and social impact among other criteria. Kohl’s is among three retail honorees, highlighting its commitment to ethical practices and governance. Ethisphere emphasized Kohl's resilience and trust-building with stakeholders during challenging times. This recognition underscores Kohl’s strategy to integrate ethics within its operations, enhancing its corporate reputation.