Kohls
US: high levels of inventory worry retailers
Retailers overestimated consumer demand when making inventory decisions for 2022. Now, they are expecting that holidays and back-to-school shopping will help them ease the pressure
Kohl’s in talks to be bought by Franchise Group
The American-based department store chain has entered into exclusive negotiations with Franchise Group for a period of three weeks. Franchise proposed to acquire the retail chain for 60 US dollars per share
Kohl's expects sales to increase by two digits in 2021
The US-based retailer has announced they currently expect full year 2021 net sales to increase in the mid-teens percentage range as compared to the prior year. Total revenue declined by 20.1% in fiscal 2020
Kohl’s expands network of Amazon returns
Amazon customers will now have free, easy returns in all Kohl’s stores. The new functionality will be rolled out to all network of Kohl's locations this summer
Kohl’s to sell Nine West products
Kohl’s announced a strategic partnership with Authentic Brands Group (ABG), owner of the Nine West brand, to include the iconic lifestyle brand into its powerful brand portfolio
Kohl's: good performance in the quarter
The Wisconsin-based retailer has announced results for the quarter ended on the 5th of May, marked by Comparable sales increasing by 3.6%
Stable quarter sales at Kohl's
The retailer registered strong results during the back-to-school shopping season. However, the middle of the latest quarter was soft however, due to abnormal weather condition
Kohl’s announces CEO succession plan
The Wisconsin–based company announced Kevin Mansell, Kohl’s Chairman, CEO and President will retire in May. Michelle Gass will take the CEO role at that time and Sona Chawla, Kohl’s COO, will assume the role of President
Kohl's to accept Amazon returns
Kohl's, which is opening in-store Amazon shops, will start accepting returns for the online retailer at some of its stores in Los Angeles and Chicago starting next month
Kohl’s cuts FY outlook
The decision occurs after the Wisconsin-based company reported decreasing comparable sales for the last two months of 2016
Kohl's to close underperforming stores
The Wisconsin-based clothing and footwear retailer plans to close 18 stores this year, while it seeks to cut costs and find the balance between its brick-and-mortar presence and the online business
Kohl's with flat sales
The specialty department store total sales increasing by 0.8% in the fourth quarter and 1.0% for fiscal 2015
Kohl’s to open small-format stores
The Wisconsin-based company announced the new initiatives part of its strategic framework, a multi-year plan designed to drive organic top-line growth called the Greatness Agenda
Awards announced for US-based companies
As the balance of year 2014 is made, magazines, consultants and several other US entities announce their choices for the best performing companies of the year- 1
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