The Latest Breaking News from KSS

Bidders seeking to acquire Kohl's Corp (NYSE:KSS) are likely to make offers lower than their initial ones to reflect the market downturn, Reuters reported. The potential purchasers, including private equity firm Sycamore Partners, brand holding firm Franchise Group, J.C. Penney investors Simon Property Group, Inc. (NYSE:SPG), and Brookfield Asset Management Inc (NYSE:BAM), intend to lower their offers…

As the inflationary environment and recession concerns could keep the overall stock market under pressure, it could be wise to bet on quality mid-cap stocks New Residential Investment (NRZ), International Game Technology (IGT), and Kohl's Corporation (KSS). These stocks yield more than 4% and are currently trading at discounts to…

Kohl’s Corp (NYSE:KSS) has received a $9 billion buyout offer from Franchise Group Inc (NASDAQ:FRG), Reuters reported. The report specified that the franchise Group plans to pay $69 per share of Kohl’s. Kohl’s, under pressure from activist hedge funds regarding a sale, will now have more options with Franchise’s entry. The report also noted Hudson's Bay…

Kohl's Corp (NYSE:KSS) and Capital One, a subsidiary of Capital One Financial Corp (NYSE:COF), have signed a multi-year extension of their credit card program agreement.  The second contract extension will provide highly compelling products to Kohl's millions of customers. The two companies have also agreed to a co-branded card product piloted as early as 2023.…

Hudson's Bay, the owner of American luxury department store chain Saks Fifth Avenue, is planning a bid for the department store chain Kohl's Corp (NYSE:KSS), Reuters reported. Related: Kohl's Dismisses Takeover Offers: What Investors Need To Know In another development, Engine Capital LP issued a letter to the board of Kohl's, urging the sale of the…

Over the past 3 months, 5 analysts have published their opinion on Kohl's (NYSE:KSS) stock. These analysts are typically employed by large Wall Street banks and tasked with understanding a company's business to predict how a stock will trade over the upcoming year.

Kohl’s Corp (NYSE:KSS) provided a long-term financial target update, expecting low-single digits percent sales growth and mid-to-high single digits percent EPS growth. The company aims to grow the Sephora business to $2 billion through an expanded store rollout to 850 stores. The company also plans to acquire new customers with Amazon.Com Inc (NASDAQ:AMZN) Amazon…

Kohl's Corp (NYSE:KSS) reported fourth-quarter FY21 sales growth of 5.8% year-on-year, to $6.499 billion, missing the consensus of $6.54 billion. Gross margin for the quarter expanded by 124 basis points to 33.2%. The operating margin was 6.9%, and operating income for the quarter rose 42.4% Y/Y to $450 million. Selling, general and administrative…

  Kohl's (NYSE:KSS) reported its Q4 earnings results on Tuesday, March 1, 2022 at 07:00 AM. Here's what investors need to know about the announcement.