Kohl's news and archive

Kohl’s shareholders re-elect all board members amid potential sale bids

Department store chain Kohl’s has announced that its shareholders have voted to re-elect all 13 of its director nominees to its board of directors after a preliminary vote following the company’s annual shareholder meeting. The news comes amid a battle between the retail chain and two of its activist investors, Macellum and Engine Capital, which...

12 May 2022

Business

FTC targets Kohl’s and Walmart for falsely advertising products as bamboo

The Federal Trade Commission (FTC) has announced it will be taking action against retail giants Kohl’s and Walmart, claiming the duo falsely marketed “dozens of rayon textile products as bamboo”. The commission is calling for both companies to pay penalties of 2.5 million dollars and three million dollars, which the FTC said are the largest...

12 Apr 2022

Business

Kohl’s confirms its reviewing multiple preliminary offers

US department store chain Kohl’s Corporation has confirmed it has received “multiple” preliminary indications of interest, further pushing the possibility of a buyout for the company. In a press release, Kohl’s said the proposals were non-binding and without committed financing. Goldman Sachs has been authorised by the board to coordinate with...

22 Mar 2022

Business

Kohl's confirms express of interest to acquire the company

Department store chain Kohl's Corp. (KSS) confirmed on Monday that it has received letters expressing interest in acquiring the Company. Kohl's said its Board of Directors will determine the course of action that it believes is in the best interests of the Company and its shareholders. The board advised shareholders not to take any action at...

24 Jan 2022

Business

Kohl's to donate 2 million dollars to non-profit

Kohl’s has partnered with national nonprofit organisation the National Alliance on Mental Illness as part of their commitment to health, wellness and mental health. Over a period of two years, Kohl’s will donate a total of 2 million dollars to the organisation. The donation will be made through the company’s philanthropic program Kohl’s Cares....

7 Oct 2021

Business

Kohl’s holiday quarter sales decline by 10 percent

Kohl’s Corporation has said in a statement that fourth quarter revenue declined approximately 10 percent, including a comparable sales decrease of 11 percent. Based on this, the company expects diluted earnings per share to be in the range of 1 dollar to 1.05 dollars. The company added that these preliminary results reflect a better than...

5 Feb 2021

Retail

Kohl's and Sephora announce long-term retail partnership

Kohl's and Sephora have partnered in a strategic, long-term agreement that will bring Sephora's beauty offerings to Kohl's retail channels. This will bring together Kohl's expansive reach with Sephora's prestige service within the beauty industry, and marks an " era of elevated beauty at Kohl's," as the retailer states in a press release. The...

1 Dec 2020

Fashion

Kohl's to donate 5 million dollars to 100 nonprofits

Kohl's has announced plans to donate 5 million dollars to help communities in need this holiday season. The retailer's donation will be delivered as grants to more than 100 nonprofit organizations across the country. Through its A Community with Heart program, Kohl's associates have nominated local nonprofits to receive grants. These nonprofits...

30 Nov 2020

Fashion

Kohl’s named to Dow Jones Sustainability Index for 3rd time

S&P Global has named Kohl's to the Dow Jones Sustainability Index (DJSI) for the third year in a row. This recognition signifies the retailer's commitment to sustainability performance, as well as environmental, social and governance goals. The DJSI is one of the first global sustainability benchmarks, having launched in 1999. It measures the...

24 Nov 2020

Fashion

Kohl's launches new private-label athleisure brand, FLX

Kohl's has announced the upcoming launch of FLX, a new private-label line of specialty athleisure. The new line is a component of Kohl's new strategy to position itself as a destination in the activewear and casual apparel categories. Set to debut in select stores and online in March 2021, FLX will offer high-quality athleisure separates with...

20 Oct 2020

Retail

Cole Haan to retail via Kohl's in select stores and online

Kohl's has become Cole Haan's latest retail partner. Beginning in spring 2021, the retailer will carry men's and women's footwear by Cole Haan in 200 stores and through its ecommerce site. The retailer has positioned itself as a destination for casual and active styles for the entire family, and its new partnership with Cole Haan furthers this...

19 Oct 2020

Business

15 Percent of Kohl's corporate jobs cut

Kohl's Corp. (KSS) disclosed in a regulatory filing on Tuesday that it reduced corporate jobs by about 15 percent, as it looks to save cash due to the business impact resulting from the COVID-19 pandemic. According to reports, the department store operator cut jobs at its headquarters in Menomonee Falls, Wisconsin, as well as offices in New York...

16 Sept 2020