Kohl's news and archive

Kohl’s Q2 sales and earnings decline

Second quarter net sales at Kohl’s Corporation decreased 4.8 percent and comparable sales decreased 5 percent, while diluted earnings per share reached 52 cents. The company’s first half net sales decreased 4.1 percent to 7 billion dollars, with comparable sales down 4.7 percent. Commenting on the trading update, Tom Kingsbury, Kohl’s chief...

Retail

Sephora to open 250 new locations at Kohl’s this year

American department store Kohl’s announced the expansion of 250 full-sized Sephora stores within its shops this year, reaching the initially targeted number of 850 stores in total across the United States. Customers will be able to enjoy the same experience they would in a free standing Sephora store, exploring a curated assortment from...

Business

Kohl’s Q4 and full year sales and earnings decline

Kohl’s Corporation said net sales decreased 7.2 percent to 5.8 billion dollars, with comparable sales down 6.6 percent. For the full year, net sales decreased 7.1 percent to 17.2 billion dollars, with comparable sales down 6.6 percent. Fourth quarter net loss was $273 million, or ($2.49) per diluted share. This compares to net income of $299...

Business

Dave Alves to join Kohl’s as chief operating officer

Kohl's announced that 30-year retail veteran Dave Alves has been named the company’s president and chief operating officer, reporting to CEO Tom Kingsbury, effective in April. In this role, Alves, the company said in a release, will be responsible for Kohl's enterprise operations including its nearly 1,200 stores, global supply chain and...

Business

Former Joules CEO named as new Kohl’s exec

Nick Jones, the former CEO of British fashion retailer Joules, has been appointed to the position of chief merchandising and digital officer at US-based department store chain Kohl’s. Effective in March, Jones will report directly to the retailer’s newly appointed CEO Tom Kingsbury. In the role, Jones has been tasked with overseeing the overall...

Business

Kohl’s selects new CEO, signs cooperation agreement with activist shareholder

American chain retailer Kohl’s Corporation has named Tom Kingsbury as its new chief executive officer, effective immediately. Kingsbury has served in an interim capacity for the role since December 2, 2022, and, with the new appointment, will continue to serve on the company’s board. Speaking on the news, board chair Peter Boneparth said in a...

Business

Activist shareholder calls for removal of Kohl’s chairman and CEO

Ancora Holdings Group, a long-term shareholder of Kohl’s Corporation, has sent a letter to the department store group calling for its chairman, Peter Boneparth, and its CEO, Michelle Gass, to be removed. The letter, addressed to the company’s board of directors, comes as a response to Kohl’s continued “underperformance” throughout 2021, during...

Business

Kohl’s launches new own brand celebrating diversity

US retail giant Kohl’s has revealed a new sub-brand of its private label flagship brand, Sonoma Goods for Life, which will offer products that celebrate diversity and inclusion. For its kick off, ‘Sonoma Community’ will launch with a line dedicated to celebrating Hispanic Heritage Month, featuring apparel and products that highlight Hispanic and...

Retail

Sephora to expand presence at all Kohl’s stores, targets 2 billion dollars in sales by 2025

As Sephora at Kohl’s celebrates one year since first opening its doors, the brand's presence will now expand to all of Kohl’s 1,100 locations. “Sephora at Kohl's provides our customers with easier access to prestige beauty, and the partnership has brought in new, younger and more diverse customers to Kohl's," said Michelle Gass, Kohl’s chief...

Retail

Kohl’s partners with Buffalo David Bitton to expand premium denim offer

Department store chain Kohl’s has established a new partnership with Buffalo David Bitton, building on its efforts to bring more premium denim offerings to its stores. Pieces by the Iconix-owned brand will be available throughout January 2023 in 600 stores and through the retailer’s online e-commerce site. The new addition comes as part of Kohl’...

Fashion

Levi’s to relaunch SilverTab collection through Kohl’s

American brand Levi’s has revealed it will be relaunching its ‘90s SilverTab collection for a limited time, exclusively through omnichannel retailer Kohl’s. Available via Kohl’s and Levi’s online stores, the collection’s reintroduction includes baggy and relaxed denim styles for women, men and kids, with each silhouette refreshed for the new...

BusinessFeatured

Kohl’s concludes strategic review process with no sale

US retail chain Kohl’s Corporation has announced that it has closed its strategic review process with Franchise Group (FRG), ultimately deciding to not go ahead with an agreement. It follows an exclusive negotiation period with the group, through which Kohl’s chair of the board, Peter Boneparth, said that “the current financing and retail...