Content about Kohl's Corp.

February 6, 2014

Kohl's Corp on Thursday lowered its profit forecast for the fourth quarter after the retailer reported a 2% decrease in same-store sales in January.

Menomonee Falls, Wis. – Kohl's Corp on Thursday lowered its profit forecast for the fourth quarter after the retailer reported a 2% decrease in same-store sales in January.

Combined November and December same-store sales rose 0.8%, but the company said January sales were significantly lower than planned as a result of lower traffic and low levels of clearance merchandise.

July 26, 2013

Bernstein Liebhard has filed a securities class-action complaint in the U.S. District Court for the Southern District of New York on behalf of all those who purchased shares of Kohl's Corp. between Feb. 26, 2009. and Sept. 13, 2011.

Menomonee Falls, Wis. – Bernstein Liebhard has filed a securities class-action complaint in the U.S. District Court for the Southern District of New York on behalf of all those who purchased shares of Kohl's Corp. between Feb. 26, 2009. and Sept. 13, 2011.

May 16, 2013

Kohl's Corp. reported a 5% drop in first-quarter profit on weak sales fell due to unseasonably cold weather in large parts of the United States.

Menomonee Falls, Wis. -- Kohl's Corp. reported a 5% drop in first-quarter profit on weak sales fell due to unseasonably cold weather in large parts of the United States.

Kohl's net income fell to $147 million in the quarter ended May 4, down from $154 million a year earlier.

Sales fell 1% to $4.2 billion. Comparable-store sales fell 1.9%.

February 28, 2013

Kohl's Corp. reported a lower fourth quarter profit, hurt by markdowns during the holiday season.

Menomonee Falls, Wis. -- Kohl's Corp. reported a lower fourth quarter profit on Thursday, hurt by markdowns during the holiday season. The loss was lower than Wall Street had expected. The retailer also forecast full-year earnings that fell short of analysts’ forecasts.
 
Kohl's said its net income fell to $378 million for the quarter ended Feb.2, from $455 million a year earlier. (The retail calendar for fiscal January 2013 included a fifth week, resulting in a 14-week fiscal fourth quarter and a 53-week year.)

November 8, 2012

Kohl's Corp. on Thursday reported stronger-than-expected third quarter profit of $215 million, up from $211 million in the year-ago quarter.

Menomonee Falls, Wis. -- Kohl's Corp. on Thursday reported stronger-than-expected third quarter profit of $215 million, up from $211 million in the year-ago quarter. But the chain gave a profit forecast that missed Wall Street's expectations.

Sales increased 2.6% to $4.49 billion from $4.38 billion in the year-ago period. Same-store sales rose 1.1%.

August 30, 2012

Discounters reported strong-than-expected sales for August, fueled by back-to-school shopping, promotions and cooler weather in the Northeast.

New York -- Discounters reported strong-than-expected sales for August, fueled by back-to-school shopping, promotions and cooler weather in the Northeast.

Costco Wholesale Corp.'s same-store sales in August rose 6%, beating the 4.5% rise analysts had projected.

Target Corp. reported a 4.2% increase in same-store sales, better than the 3.1% increase that analysts had expected.

July 20, 2012

Kohl's Corp. and the state of Wisconsin announced an agreement that will keep the retailer’s headquarters in Menomonee Falls, which is located about 20 miles northwest of Milwaukee.

New York -- Kohl's Corp. and the state of Wisconsin announced an agreement that will keep the retailer’s headquarters in Menomonee Falls, which is located about 20 miles northwest of Milwaukee. Kohl’s will receive up to $62.5 million in tax credits from the state over 12 years. The final amount of the tax credits is dependent on the number of employees the chain adds at its facility and the amount of money Kohl’s invests in developing its campus.

January 12, 2012

Kohl's Corp. said it is doubling the size of its design office in New York City, as well as adding its first design studio on the West Coast, in Santa Monica, Calif.

Menomonee Falls, Wis. -- Kohl's Corp. said Thursday it is doubling the size of its design office in New York City, as well as adding its first design studio on the West Coast, in Santa Monica, Calif.

The move, said the company, represents a commitment to its exclusive brands.

"The investment reinforces our commitment to offering world-class brands at compelling value to our customers," said Kevin Mansell, Kohl's chairman, president and CEO, in a statement.

November 3, 2011

Kohl's Corp. reported a 3.9% rise in same-store sales in October, better than analysts’ expectations, amid strong demand for its new Jennifer Lopez and Mark Anthony brands.

New York City -- Kohl's Corp. reported a 3.9% rise in same-store sales in October, better than analysts’ expectations, amid strong demand for its new Jennifer Lopez and Mark Anthony brands.

In a statement, CEO Kevin Mansell said that customers responded favorably to the pair of new brands, as well as the company's marketing programs.

“As we enter the important fourth quarter, we plan to continue our investment in marketing, especially digital and broadcast, to drive customer traffic and broaden our reach,” he said.

August 11, 2011

Kohl's Corp. reported Thursday that profit for the quarter ended July 30 rose 17% to $303 million, compared with $260 million in the year-ago period.

Menomonee Falls, Wis. -- Kohl's Corp. reported Thursday that profit for the quarter ended July 30 rose 17% 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.

Kohl’s said it is on track to open an additional 31 stores this year, as well as remodel another 15 stores next month. The company opened nine and remodeled 85 stores in the first half of the year.

March 29, 2011

Kohl's Corp. said Tuesday that plans to open a distribution center in July in Maryland that will create about 1,200 jobs over the next three years.

Menomonee Falls, Wis. -- Kohl's Corp. said Tuesday that plans to open a distribution center in July in Maryland that will create about 1,200 jobs over the next three years.

According to the retailer, the Edgewood, Md., DC will fulfill online orders. Kohl’s anticipates hiring more than 200 full- and part-time employees when the center opens in July.

With the newest DC, Kohl's will have a total of 12 distribution centers across the United States.

February 24, 2011

Kohl's Corp. reported Thursday that its fourth quarter net earnings rose 14% and the board authorized the first dividend in the company's history.

Menomonee Falls, Wis. -- Kohl's Corp. reported Thursday that its fourth quarter net earnings rose 14% and the board authorized the first dividend in the company's history. But the chain said consumers will remain cautious in 2011 and gave a full-year earnings forecast below Wall Street’s expectations.

Kohl’s said that income the quarter ended Jan. 29 increased to $493 million from $431 million a year earlier, slightly ahead of predictions. Revenue rose 6% to $6.04 billion from $5.68 billion, in line with projections.

December 7, 2010

Kohl's Corp. said Tuesday it has renewed its long-term license agreement to be the exclusive seller of Simply Vera Vera Wang clothing and other merchandise, and plans to expand the line into makeup.

Menomonee Falls, Wis. -- Kohl's Corp. said Tuesday it has renewed its long-term license agreement to be the exclusive seller of Simply Vera Vera Wang clothing and other merchandise, and plans to expand the line into makeup.

November 30, 2010

Kohl's Corp. announced Tuesday that it is promoting four of its executives as part of an ongoing succession planning process.

Menomonee Falls, Wis. - Kohl's Corp. announced Tuesday that it is promoting four of its executives as part of an ongoing succession planning process.

Don Brennan has been promoted from senior EVP to chief merchandising officer. John Worthington was promoted from senior executive VP to chief administrative officer. Peggy Eskenasi was promoted from executive VP of product development to senior EVP. And Wes McDonald was promoted from EVP and CFO to senior executive VP and CFO.

All the promotions are effective Dec. 1.

November 11, 2010

Kohl's Corp. reported late Wednesday it earned $194 million in the quarter ended Oct. 30, compared with nearly identical net income of $193 million in the year-ago period.

Menomonee Falls, Wis. -- Kohl's Corp. reported late Wednesday it earned $194 million in the quarter ended Oct. 30, compared with nearly identical net income of $193 million in the year-ago period. The retailer cited rising costs for the flat profit performance.

Revenue rose 4.2% to $4.22 billion, just missing Wall Street expectations of $4.3 billion.

November 3, 2010

Many retailers reported solid gains in October as heavy discounting on cold-weather items prompted shoppers...

October 5, 2010

Kohl's Corp. is increasing its holiday hiring this season by 21%, becoming the latest major...

September 28, 2010

Kohl's Corp. is celebrating the opening of 21 stores, creating almost 3,000 jobs in 15 states....

August 11, 2010

Kohl's Corp. reported Thursday that profit for the second quarter ended July 31 rose to...

May 12, 2010

Kohl's Corp. said Thursday its first-quarter net income rose 45% as shoppers spent more at...

December 18, 2008

Fitch Ratings affirmed its investment-grade "BBB+" credit rating on Kohl's Corp. on Thursday, saying the...

December 4, 2008

Kohl's Corp. reported its November same-store sales dropped 17.5% as shoppers continued to cut back...

September 30, 2008

Kohl's Corp. on Wednesday celebrated the opening of 47 stores, giving it a total of...

August 20, 2008

Kohl's Corp. announced Thursday that chairman Larry Montgomery has resigned as CEO and will be...

August 14, 2008

Kohl's Corp. said Thursday that its second-quarter profit fell more than 12% as same-store sales...