Kohl's Archives - CFO

Kohl’s Rejects Activists’ Push for Board Shakeup

Risk & Compliance

Kohl’s Rejects Activists’ Push for Board Shakeup

“The board has failed to help develop and oversee a strategic plan to respond to a rapidly-changing retail landscape,” the investors said.

By Matthew Heller | February 23, 2021

Kohl’s Cuts Corporate Jobs to Save $65 Million

Kohl’s Cuts Corporate Jobs to Save $65 Million

The layoffs will “further align [Kohl’s] cost base in response to the business impact resulting from the COVID-19 pandemic."

By Matthew Heller | September 16, 2020

CFOs On the Move: Week Ending October 18

CFOs On the Move: Week Ending October 18

Gardner Denver, Investview, Kohl’s, LyondellBasell, Unique Fabricating, Spartan Motors, 2U, Spectrum Brands Holdings, Penn National Gaming

By Joan Urdang | October 18, 2019

JCPenney Reports Steep Drop in First Quarter Sales

Financial Performance

JCPenney Reports Steep Drop in First Quarter Sales

The company’s CEO remains optimistic about the retailer’s future.

By Lauren Muskett | May 21, 2019

Holiday Season Weakness Hits Macy’s, Kohl’s

Financial Performance

Holiday Season Weakness Hits Macy’s, Kohl’s

"The rising tide of the economy is not floating all retail boats,” an analyst says of the department store chains' disappointing sales growth.

By Matthew Heller | January 10, 2019

Kohl’s Shares Dip 9% Despite Earnings Beat

Financial Performance

Kohl’s Shares Dip 9% Despite Earnings Beat

The retailer has been one of Wall Street's hottest stocks this year but investors may be jittery over promotional spending for the holiday season.

By Matthew Heller | November 20, 2018

Kohl’s Beats Estimates With 3.1% Sales Gain

Financial Performance

Kohl’s Beats Estimates With 3.1% Sales Gain

The retailer benefited in Q2 from the closures of rival department stores and its efforts to downsize its own locations.

By Matthew Heller | August 21, 2018

CFOs on the Move: Week Ending June 30

Corporate Finance

CFOs on the Move: Week Ending June 30

Martin Marietta Materials, Kohl’s, Wesco Aircraft Holdings, SpartanNash, Fortune Brands Home & Security, CDK Global, Callon Petroleum, Calix

By Joan Urdang | June 30, 2017

Whole Foods Appoints New CFO, Directors

Whole Foods Appoints New CFO, Directors

Under pressure from investors, the grocer is attempting to rebound from seven consecutive quarters of declining same-store sales.

By Matthew Heller | May 11, 2017

Lower Inventories Boost Kohl’s Q4 Margins

Financial Performance

Lower Inventories Boost Kohl’s Q4 Margins

But the retailer's net sales declined for a fourth straight quarter due to declining traffic in its brick-and-mortar stores.

By Matthew Heller | February 23, 2017

Kohl’s Credit Rating Dinged by S&P

Kohl’s Credit Rating Dinged by S&P

Specialty department store Kohl's has its corporate credit rating cut to BBB-, the lowest investment-grade rung.

By Vincent Ryan | January 12, 2017

Macy’s Shares Drop 14% on Weak Holiday Sales

Macy’s Shares Drop 14% on Weak Holiday Sales

The retailer posted a 2.1% same-store sales decline, and lowered earnings guidance, as it continues to struggle with the shift to online shopping.

By Matthew Heller | January 5, 2017

Walmart’s Numbers Brighten Retail Picture

Walmart’s Numbers Brighten Retail Picture

Thanks to tactical changes, the retailing giant is growing revenues in a very competitive environment.

By Katie Kuehner-Hebert | May 19, 2016

Kohl’s Loses Bid to Stop Exec From Taking New Job

Risk & Compliance

Kohl’s Loses Bid to Stop Exec From Taking New Job

A Wisconsin judge rules Kohl's didn't prove that Janet Schalk's move to Hudson's Bay posed a direct competitive threat.

By Matthew Heller | August 17, 2015