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Kohl's news and archive

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...

Sept 23, 2022

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...

Aug 25, 2022

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...

Aug 19, 2022

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’...

Aug 8, 2022

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...

Aug 1, 2022

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...

Jul 4, 2022

Business

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...

May 12, 2022

Retail

JCPenney owners in bid to buy Kohl's for 8.6bn dollars

Ailing department store group Kohl’s could soon have a new owners. The New York Post on Tuesday reported the owners of JCPenney have made a bid, valuing at 8.6 billion dollars. Simon Property Group and Brookfield Asset Management also recently acquired JCPenney after it filed for Chapter 11 bankruptcy in May 2020. It currently operates with just...

Apr 26, 2022

BusinessFeatured

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...

Apr 12, 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...

Mar 22, 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...

Jan 24, 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....

Oct 7, 2021