Kohl's news and archive

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...

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...

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...

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...

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...

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...

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...

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...

Fashion

Adidas collaborates with actress Zoe Saldana on activewear

Adidas is joining forces with actress and activist Zoe Saldana to create an activewear collection exclusively for Kohl's. The range will include women's active apparel, footwear and accessories, all curated by Saldana. “At Adidas, the belief that through sport we have the power to change lives fuels our commitment to find partners that share...

Retail

Kohl's launches new customer loyalty program

Kohl's has announced the launch of its new Kohl's Rewards program, a loyalty service that is now available nationwide. This is the first program of its kind the retailer has offered. Previously, Kohl's offered rewards to its shoppers in the form of Kohl's Cash, which are store credits earned through certain purchases made during promotional...

Retail

Kohl's announces phased approach for store reopenings

American retailer Kohl’s reopened stores in four states last week before opening stores in ten more states today, as part of its new phased approach at reopenings across the country. The all stores in Alabama, Alaska, Arizona, Georgia, Idaho, Mississippi, Montana and Texas, as well as the majority of its stores in Arkansas, Florida, Oklahoma,...

Fashion

Kohl's announces new retail partnership with Lands' End

American retailer Kohl's has teamed with apparel brand Lands’ End. The brand's entire assortment of women’s, men’s and kids clothing, including outerwear and swimwear, as well as home merchandise, will be available for purchase through Kohl's beginning in fall 2020. “The addition of Lands’ End, a market leader in the classic, casual lifestyle,...