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.
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."
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
JCPenney Reports Steep Drop in First Quarter Sales
The company’s CEO remains optimistic about the retailer’s future.
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.
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.
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.
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
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.
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.
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.