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Kohl's Corporation (KSS)

  • Oct. 4, 2012, 11:26 AM
    September retail winners and losers: With J.C. Penney and Sears Holdings bleeding customers it was Gap (GPS), Limited Brands (LTD -0.1%), and TJX Companies (TJX +0.9%) showing positive trends and possibly picking up some shopping refugees from the embattled department store chains. Target (TGT +0.8%) and Costco (COST +0.9%) only held serve for the month, while Kohl's (KSS -1.8%) appears to have misfired with its strategies. Alarming results continue at Wet Seal (WTSLA -0.6%) and Fred's (FRED +0.3%). (Retail sales roundup)
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  • Oct. 4, 2012, 9:18 AM
    Retail analyst Rob Wilson delivers a sharp blow to execs at Kohl's (KSS) after the retailer reported sluggish sales in September, suggesting a change in management could be on the way. Though total sales fell off 1.4% Y/Y for the month, the firm did back its Q3 guidance. KSS -3.7% premarket.
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  • Oct. 4, 2012, 8:40 AM
    Kohl (KSS) Sep same-store sales: -2.7% misses consensus of -0.2%. Total sales -1.4% to $1.61B. Shares -2.8% premarket. (PR)
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  • Oct. 4, 2012, 7:57 AM
    The vibe flowing out of September sales reports from retailers is largely positive with big names such as Costo and Limited Brands showing brisk sales, while teen seller Zumiez (ZUMZ) knocked it out of the park with 18.6% growth. Although back-to-school season numbers look to be beating expectations, the best gift for retail investors may be when Q3 reports roll in with companies showing improved margins as clearance sales were avoided and inventory controls clicked.
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  • Oct. 2, 2012, 6:45 AM
    The National Retail Federation expects holiday sales to rise 4.1% to $586.1B this year. Though the mark would rep the slowest pace of growth since 2009, the forecast is still higher than the average growth of 3.5% realized over the last ten years for the November to December period. Online retail is still a bright spot, with holiday sales expected to rise 12% this year to $96B.
  • Oct. 1, 2012, 1:46 PM
    Citigroup analyst Deborah Weinswig advises retailers to keep a sharp focus on online initiatives despite the staggering growth numbers bandied about for mobile and social networking sales. Estimates from Forrester Research indicate online retail sales will surge to $327B by 2016 - a mark that is estimated to be 10X greater than what smartphone sales will generate. A roadmap for retailers: Adopt a clever omnichannel strategy that produces synergistic benefits to complement online and brick-and-mortar businesses instead of poaching sales with hyper-aggressive mobile promotions.
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  • Sep. 27, 2012, 12:44 PM
    Young shoppers are the force behind the rapid growth of showrooming with their grasp on how to use mobile devices to find the best deals, according to research by AlixPartners. Naturally, Amazon (AMZN +2.2%) appears to be a beneficiary of the trend, but brick-and-mortar retailers could have a secret weapon. A retail brief published by Aimia suggests that the very same savvy young shoppers who make showrooming a force of habit are also the most loyal reward program participants. The end game: A loyalty program with soft benefits could steal Amazon's thunder.
  • Sep. 26, 2012, 7:07 AM
    Kohl's (KSS) announces that it will open 12 new stores and will invest in its existing store base with remodeling efforts. Of note, 11 of the 12 stores will be of a smaller format with less than 64K square feet of retail space.
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  • Sep. 25, 2012, 1:14 PM
    Toys R Us Chairman Jerry Storch makes the case on Squawk Box that brick-and-mortar stores won't go away anytime soon, but will morph into mini-distribution centers. The line of thought follows a recent trend by retail players of using existing stores as fulfillment centers and showcasing more extensive pick up options to online buyers. The end game: Retail stores see a competitive advantage over Amazon if they can deliver products faster as they still dream about ultimately offering the holy grail of online shopping - same-day delivery.
  • Sep. 18, 2012, 7:24 PM
    Retailers appear to be optimistic about the Christmas holiday season ahead, despite gloom in other sectors about a potentially worsening global economy. Department store operator Kohl's (KSS) says it expects to add 10% more workers this year, while a poll by the Hay Group found that 57% of retailers were keeping holiday hiring at about the same level as a year ago, while about 36% said they planned to hire more. That's up from last year, when just 10% of stores said they would hire more.
  • Sep. 18, 2012, 8:22 AM
    Kohl's (KSS) announces that it plans to hire over 52K seasonal workers for the the holiday season, marking more than a 10% increase from last year's total. While the company says the move is to ensure high customer service during the busy shopping season, with close to 5.7K temporary workers slated for distribution centers it also looks like the retailer is also expecting a nice bounce in its e-commerce business.
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  • Sep. 12, 2012, 7:07 AM
    ShopperTrak forecasts retail holiday traffic will rise this year for the first time since 2007 with shopping trends looking positive. The data firm sees U.S. retail sales up 3.3% Y/Y and foot traffic gaining 2.8% for the holiday period.
  • Sep. 5, 2012, 8:24 AM
    Kohl's (KSS) plans to add 36 new electric vehicle charging stations at 18 locations in Illinois, Indiana, and Wisconsin. Retailers and restaurant chains are increasingly keeping an eye on the potential for bringing in new traffic with local EV stations, with Kohl's setting the tone by advancing its initiative beyond a pilot program. (Previous: MCD adds EV stations in Europe)
  • Aug. 30, 2012, 1:55 PM
    Today's round of strong sale reports from major retailers may give firms the confidence to hold back on more promotional activity heading into the holiday season, according to AlixPartners. One promising trend is that shoppers stepped out to buy bolder, more fashion-oriented lines - instead of just replenishing the basics. With the retail table now set for a strong Q3 as the back-to-school season roars to a powerful start, optimism starts to creep up that consumers might even keep the good vibes going right through the crucial holiday period.
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  • Aug. 30, 2012, 10:14 AM
    Shares of Kohl's (KSS +2.8%) trade higher after the retailer reports a better-than-expected increase in same-store sales. CEO Kevin Mansell says better merchandise and new marketing strategies contributed to the boost.
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  • Aug. 30, 2012, 8:47 AM
    Kohl (KSS) same-store sales: +3.4%. Total sales +5.3% to $1.48B. (PR)
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Company Description
Kohl's Corp operates department stores that sell moderately priced exclusive and national brand apparel, footwear, accessories, beauty and home products. Itswebsite includes merchandise available in stores, and merchandise available only on-line.
Sector: Services
Country: United States