KSS Stock Recent News

Kohl's (KSS) is on track with its key priorities, including improving customer experience and simplifying value strategies, among others. The company's growing home business is yielding.

The Investment Committee discusses their winners and losers one week into the second quarter.

Macy's closures of about 150 stores could put up to $2 billion in annual sales up for grabs for other retailers.

While consumer spending has remained relatively strong through inflation, retailers have struggled to stay relevant, with Macy's (M) announcing it will shutter 150 locations. Discount retailers like The TJX Companies (TJX) and Burlington Stores (BURL), however, have held up as consumers seek sales elsewhere under the pressure of inflation.

Kohl's (KSS) is on track to build its home business, which represents a solid growth opportunity. Its solid partnership with Sephora to create a new era of elevated Beauty at Kohl's bodes well.

Kohl's has shown improvements in its earnings, with operating income growing and expense growth remaining flat. The company has reduced its long-term debt and seen an increase in shareholder equity. KSS's cash flow has significantly improved, allowing it to cover its dividend and pay down debt.

Kohl's (KSS) announces its latest approach to home, aiming to offer customers an expanded range of stylish home and seasonal decorations at affordable prices.

Department store chain Kohl's Inc. NYSE: KSS has swung back into profitability after its multi-year-long normalization period. Shares rocketed higher on the pent-up demand during COVID-19, but rising inflation and weakening consumer discretionary spending caused inventories to swell up.

Kohl's just delivered disappointing results for fourth quarter and full year 2023. Fourth quarter net sales of $5.7 billion declined 1.1% and for the year, net sales dropped 3.4% to $16.6 billion from $17.2 billion previous year.

Kohl's 4th quarter results show the results of the hard work that was done under Tom Kingsbury, the new CEO who took over from Michelle Gass over a year ago. Kohl's reported full year sales of $317 million ($2.85 per diluted share) compared to last year's loss of -$19 million (-$0.15 per diluted share).