Kohl's
The gloves are coming off this holiday season, with retailers announcing unprecedented Thanksgiving openings and "Black Midnight" entering into the lexicon. Now Kohl's is making sure its efforts will be very well-funded.
MENOMONEE FALLS, Wis. — Jennifer Lopez' and Marc Anthony's split had little impact on sales of their respective brands at Kohl's, which reported its third-quarter results Thursday. According to Kevin Mansell, Kohl’s chairman, president and CEO, "the launch of [the] Jennifer Lopez and Mark Anthony brands during the quarter met [the company's] aggressive sales plans." Kohl’s reported third quarter diluted earnings per share increased 40% to 80 cents. Net income for the quarter increased 20% to $211 million, compared with $176 million (57 cents per diluted share) a year ago. Net sales were $4.4 billion, an increase of 3.8%
Kohl's is the nation's favorite fashion retail chain, according to an annual consumer survey conducted by Market Force Information, a provider of customer intelligence solutions. This is the third year in a row that Kohl's has earned the top spot.
Kohl's will open at midnight the day after Thanksgiving, joining fellow retailers Macy's and Target in giving shoppers a head start on what's traditionally been one of the busiest shopping days of the year.
The retailer aims to have 300 total LEED certifications by the end of next year and more than 500 by 2015.
Kohl's is celebrating the grand opening of 30 new stores, bringing approximately 4,000 new jobs across 20 states. “We are pleased to be in a position to create thousands of jobs, as Kohl’s continues to focus on growing market share in a challenging economy,” said Kevin Mansell, Kohl's chairman, president and chief executive officer.
New York City -- Kohl’s said it has notified the U.S. Securities and Exchange Commission that it is delaying filing its second quarter filing as its deals with previously reported errors in its accounting for both store and equipment leases. As a result of these and other less significant accounting corrections, Kohl's expects to record additional property and financing obligations on its balance sheet. The company said it doesn't expect the corrections to have an impact on the net increase or decrease in cash and cash equivalents reported. Kohl's said it expects to file the results for the second
New York City -- Macy’s reported that its same-store sales rose 5% in August, beating estimates. The retailer said sales would have been higher by 1.5% points without the impact of Hurricane Irene. Industry analysts had warned that the storm would impact department stores and specialty retailers the most as consumers focused on buying generators and other emergency and recovery items versus back-to-school and discretionary products. Macy’s said that its sales also were hurt by about 130 Irene-related store closings, But the chain said sales over the past three days have been strong and it expects Irene’s negative effect
At Kohl's, we're always making headlines. Below is the full version and PDF of our most recent press release. You will also find our five most recent releases on the right. To view all of the releases from the several years, visit our s. Kohl’s Department Stores Donates $250,000 to the to Support Hurricane Irene Relief Efforts MENOMONEE FALLS, Wis., September 1, 2011 – (NYSE: KSS) today announced a $250,000 cash donation toward Hurricane Irene relief efforts. Kohl’s is providing this donation to the , which is delivering much-needed emergency supplies and services in the hurricane-impacted areas ...
Kohl's Corp. reported that profit for the quarter ended July 30 rose 17 percent to $303 million, compared with $260 million in the year-ago period. The retailer cited tightened cost controls and success of store-label brands for the improved performance, and has raised its full-year guidance.