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Kohl’s Stock Takes a Beating on Disappointing Holiday Results

In Industry News, Reports, What's New by Jeff PrineLeave a Comment

Menomonee Falls, WI–Kohl’s Corp. today saw its shares take a beating after the department store released preliminary fourth quarter results consisting of a lower earnings forecast after sales failed to meet expectations during the holiday quarter. Kohl’s comparable store sales edged up 0.4%, missing the 0.8% increase that Retail Metrics …

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Kohl’s Appoints COO, Who Will Be Competing for Future CEO Role

In Industry News, Reports, What's New by Accessories StaffLeave a Comment

Menomonee Falls, WI—Kohl’s announced today that Sona Chawla, a former Walgreens executive, has been named its new chief operating officer. Chawla will oversee the integration of Kohls’ stores and digital business. And in a rare instance of public competition, Kohl’s said Chawla, along with chief merchandising and customer officer Michelle …

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Kohl’s Amps Up Digital to Make Omnichannel Shopping Easier

In eCommerce, Industry News, What's New by Accessories StaffLeave a Comment

Menomonee Falls, WI—As holiday approaches there’s an increase in promotional ads and these days an increase in retailers touting their latest omnichannel upgrades. Today, Kohl’s release its own set of digital upgrades including a store mode for Kohl’s mobile app, enhanced mobile payment options like Apple Pay, a seamless omnichannel …

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Kohl’s Q4 Results Beat Estimates, to Increase Omnichannel Spending

In Industry News, Reports, What's New by Jeff PrineLeave a Comment

Menomonee Falls, WI—Kohl’s Corp. reported today a better-than-expected fourth quarter as its comparable store sales improved. The department store posted a 17% increase in its fourth quarter earnings to $369 million, or $1.83 per share, “driven by higher sales, comps growth and prudent management of expenses and inventories.” Net revenue …

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Good Tidings: December Comp Sales Better Than Expected

In Industry News, Reports, What's New by Accessories StaffLeave a Comment

New York—Despite unpredictable weather and politics in Washington, retailers managed to beat what had been lowered expectations for December comparable store sales. Of the 17 or so major retailers reporting today (excluding drugstores), total December comparable store sales rose 4.5%, topping analysts’ estimates for a 3.3% increase. Even better, the …