Kohls Corp Stock Price, News & Analysis

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.

Kohl's (NYSE: KSS) celebrates the one-year anniversary of its partnership with Sephora, which has expanded to over 600 stores. The collaboration shows strong sales, with Kohl's projecting $2 billion in annual sales by 2025. Sephora's presence has attracted over 1 million new customers, particularly younger and more diverse demographics. Additionally, notable beauty brands are benefitting from enhanced distribution. The initiative aims to enhance the shopping experience and increase traffic through offerings like online pickups and increased holiday assortments.

Kohl’s reported second-quarter results with a 7.7% decrease in comparable sales and an 8.5% decline in net sales, totaling $4,087 million. The diluted earnings per share (EPS) fell 55% to $1.11 from $2.48 the previous year. The company updated its 2022 financial outlook, forecasting net sales to decline 5% to 6%, with EPS expected between $2.80 and $3.20. Kohl's entered a $500 million accelerated share repurchase agreement, demonstrating confidence in its future despite economic challenges.

Kohl's (NYSE: KSS) has appointed Christie Raymond as its new Chief Marketing Officer, effective immediately. Raymond has been with the company since 2017, serving in various leadership roles, including her recent position as executive vice president for customer engagement, analytics, and insights. She has been acting as the interim CMO since May 2022. CEO Michelle Gass expressed confidence in Raymond's capabilities to enhance Kohl's marketing strategy and drive customer engagement, aiming to position the retailer as the top choice for active and casual lifestyles.

On August 9, 2022, Kohl's Corporation (NYSE: KSS) announced a quarterly dividend of $0.50 per share. This dividend will be payable on September 21, 2022, to shareholders on record by September 7, 2022. Kohl's continues to position itself as a leading omnichannel retailer, operating over 1,100 stores across 49 states and providing online shopping through Kohls.com.

Kohl's (NYSE: KSS) has launched a new Self-Pickup service for eligible online orders at over 1,100 stores across the U.S., enhancing the holiday shopping experience. Customers can pick up their orders within two hours without waiting in line. The service is part of Kohl’s commitment to improving omnichannel convenience, supported by positive feedback during its testing phase. This convenience aligns with the company's aim to use technology to streamline shopping and improve customer satisfaction.

Kohl’s (NYSE: KSS) has announced a partnership with Buffalo David Bitton, offering premium denim styles for men and women, available in over 600 stores and online at Kohls.com through January 2023. This addition aligns with Kohl’s strategy to enhance its denim portfolio, which already includes brands like Levi’s and Sonoma. Buffalo David Bitton, marking its 50th anniversary, emphasizes quality and style in its denim offerings. The collaboration aims to provide customers with versatile clothing options that suit their casual lifestyle, enhancing Kohl's brand assortment.

Kohl's (NYSE: KSS) has partnered with Levi's (NYSE: LEVI) to relaunch the iconic SilverTab collection, originally popular in the '90s. Available exclusively at Kohl's and online, the collection features relaxed and baggy denim for the whole family, aiming to enhance Kohl's reputation as a denim destination. The revival includes popular styles such as loose jeans and oversized jackets, targeting customers during the back-to-school season. This collaboration highlights Kohl's strategy of modernizing its offerings with premium styles to meet evolving consumer preferences.