Kohl's
Kohlโs said Tuesday that itโs teaming up with the owner of Babies R Us to bring baby gear, furniture and more to approximately 200 of its stores across the country, reports CNBC. The department store chain struck a licensing deal with WHP Global, a brand management firm with a portfolio that includes Bonobos, Joeโs Jeans,โฆ
Kohl's on Tuesday lowered the top end of its annual sales forecast and said it would be aggressive with promotions in the crucial holiday season as cost-conscious shoppers spend less at its department stores, reports Reuters. Kohl's now expects annual sales to fall between 2.8 percent and 4 percent, against its previous projection for a 2 percentโฆ
Activist investor Ancora Holdings is pushing Kohlโs to remove its chief executive and its chairman, reports CNBC. Ancora sent a letter to the board Thursday asking for the replacement of CEO Michelle Gass and Chairman Peter Boneparth. The firm, which has a 2.5 percent stake in Kohlโs, wants new leadership so the company can revampโฆ
Kohlโs announced that it's introducing Discover @ Kohlโs, a new in-store and online experience designed to embrace inclusivity and bring discovery and inspiration to every store trip and online visit. Discover @ Kohlโs features seasonal areas throughout 600 of the retailer's stores and website that curate โdozens of emerging, established, and diverse-owned brands that areโฆ
Kohl's has rejected a $53-per-share takeover bid โ down from a previous offer of $60 โ from the Franchise Group (FRG), according to a regulatory filing with the Securities and Exchange Commission by the retailer on July 1. "Despite a concerted effort on both sides, the current financing and retail environment created significant obstacles to reaching an acceptable and fully executableโฆ
Draper James and Kohl's today announced the launch of Draper James RSVP in 500 Kohlโs stores nationwide and online at Kohls.com, reports Glossy. Beginning on Monday, the womenswear brand founded by Reese Witherspoon is selling a collection of over 100 pieces designed with and exclusively sold at Kohlโs. According to a press release, Draper James RSVPโฆ
Kohlโs Corp. confirmed yesterday that it has received letters expressing interest in acquiring the company, following reports over the weekend that two firms are preparing bids to purchase it. Kohlโs, however, hasn't decided what course of action it will take yet. According to a press release, Kohlโs board of directors "will determine the course ofโฆ
Kohl's has come to an agreement with the group of activist investors who have been pushing to gain control of the company's board, CNBC reported. As part of the agreement, Kohl's named three new directors to its board. Two of the new directors โ Margaret Jenkins and Thomas Kingsbury โ were nominated by the activistโฆ
The group of activist investors looking to seize control of Kohlโs board has reduced the number of directors that it plans to nominate from nine to five. In a letter sent to the retailerโs shareholders Thursday, the group โ which has a combined 9.5 percent stake in Kohlโs โ said it originally nominated nine candidatesโฆ
At least 2 million new customers visited Kohlโs stores last year thanks to an Amazon.com returns service that the department store chain offers nationwide, reports CNBC. According to Kohlโs, a third of these new visitors were millennials. Kohlโs began accepting Amazon returns at 10 of its stores in the spring of 2017. By the summerโฆ