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KOHL'S


Kohl's says a real estate sale is on the table after scrapping deal talks

Kohl's might not be selling its business after all. But it's now looking to sell some of its real estate.

cnbc.com

What we're watching Friday — Third quarter Day 1, Micron guides lower, Kohl's ends sale talks

Four straight down days for the S&P 500, but it's still not oversold. The S&P just had its worst first half of a year since 1970.

cnbc.com

Stocks making the biggest moves premarket: Kohl's, Micron, Apple and more

These are the stocks posting the largest moves before the bell.

cnbc.com

Kohl's terminates sale talks with Vitamin Shoppe owner Franchise Group, sources say

This decision from Kohl's comes as its stock price slumps and its sales decline.

cnbc.com

Franchise Group considers lowering Kohl's bid closer to $50 a share from about $60, source says

The retail holding company Franchise Group is weighing lowering its bid for Kohl's, according to a person familiar with the deal talks.

cnbc.com

Here's why Vitamin Shoppe's owner wants to buy Kohl's – and what could happen next

As Franchise Group inches closer to acquiring Kohl's, experts point to the holding company's recent acquisitions for a better sense of what could happen next.

cnbc.com

Stocks making the biggest moves in the premarket: Target, J.M. Smucker, Kohl's and more

The stocks making the biggest moves in premarket trading include Target, J.M. Smucker, Kohl's, and more.

cnbc.com

Kohl's stock surges on buyout talks with Franchise Group

Shares of Kohl’s are up more than 12% before the market open on Tuesday after the retailer announced that it is in exclusive takeover talks with the owner of Vitamin Shoppe.

Kohl's enters exclusive sale talks with Franchise Group

Franchise Group is proposing to buy Kohl's for $60 per share.

cnbc.com
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Kohl's sale negotiations could drag on for weeks, possibly longer, amid market volatility

This saga at Kohl's has been playing out for more than half a year, which deal experts describe as an abnormal amount of time.

cnbc.com

Stocks making the biggest moves premarket: Turning Point Therapeutics, Lululemon, RH and others

These are the stocks posting the largest moves before the bell.

cnbc.com

Stocks making the biggest moves premarket: Kohl's, BJ's Wholesale, Spirit and more

These are the stocks posting the largest moves before the bell.

cnbc.com

Kohl's says final sale bids expected in coming weeks; retailer slashes full-year outlook after earnings miss

Kohl's on Thursday slashed its outlook for the year, with CEO Michelle Gass saying 2022 started out below her expectations.

cnbc.com

Kohl's says two top executives are leaving, as company seeks buyer

Vehicles sit parked in front of a Kohl's department store in Ashland, Ky.Kohl's said Wednesday that it is losing two of its top executives, as the retailer searches for a potential buyer amid pressure from activists to sell the business. Doug Howe, Kohl's chief merchandising officer, is departing immediately, the retailer said in a securities filing. Greg Revelle, chief marketing officer, is expected to depart June 1. The filing comes the night before Kohl's is set to report its fiscal first-quarter earnings ahead of the market open on Thursday. Kohl's shares fell around 3% in extended trading, having closed the day down 11%.

cnbc.com

Kohl's shareholders vote to keep current slate of directors despite activist pressure

The shareholder meeting took place as activist firm Macellum Advisors has been pushing for Kohl's to revamp its slate of directors.

cnbc.com

The best things to spend your Kohl's Cash on

Spend your cash on these finds from Draper James RSVP​, Sonoma Goods For Life x Lauren Lane​ and more.

cbsnews.com

Kohl's calls on shareholders to reject activist Macellum's proposal ahead of annual meeting

Kohl's called activist investor Macellum's board nominees an "unqualified slate."

cnbc.com

Wisconsin senator urges Kohl's to reject buyout offers that threaten jobs in retailer's home state

A Wisconsin senator is urging Kohl's to not accept any buyout offer that might prelude a bankruptcy filing or threaten workers' jobs in the state.

cnbc.com
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Kohl's confirms it has received multiple preliminary buyout offers

The company's board of directors has hired bankers at Goldman Sachs to coordinate with bidders.

cnbc.com

Kohl's shares jump after report says Hudson's Bay is considering a buyout bid

Kohl's shares jumped Wednesday after a report said that another department store chain is mulling a buyout of the retailer.

cnbc.com

Kohl’s says it’s no longer a department store

Kohl's is getting a makeover.

Kohl's, facing activist pressure, plans to open smaller shops and aims to make Sephora a $2 billion business

Kohl's issued fresh long-term financial targets for its business, including growing sales by a low-single-digit percentage annually.

cnbc.com

Kohl's reports light sales for the holiday quarter, issues upbeat guidance

Ongoing supply chain obstacles have roiled retailers and shrunk inventories.

cnbc.com

Here's why Macy's isn't splitting its online business from its stores

Macy's said it will forge ahead as one retailer, despite pressure from activist Jana Partners to split into two entities.

cnbc.com

Kohl's says takeover offers undervalue its business, initiates 'poison pill'

Kohl's said it has adopted a shareholder rights plan, otherwise known as a "poison pill," in order to avert a hostile takeover.

cnbc.com

Activist Macellum asks for a seat on Kohl's board and for a commitment to explore a sale

Activist hedge fund Macellum Advisors has been asking Kohl's to consider selling itself and now it wants at least one seat on the retailer's board.

cnbc.com

Stocks making the biggest moves in the premarket: Kohl's, Snap, Peloton and more

The stocks making the biggest moves in premarket trading include Kohl's, Snap, Peloton, and more.

cnbc.com
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Kohl's shares surge as takeover offers emerge from suitors including Sycamore

Kohl's shares are soaring as the department store chain is fielding takeover offers from at least two suitors.

cnbc.com

Retail icon Mickey Drexler on breaking up department stores: "I don't get it."

Saks, Macy's and now Kohls. Big retailers are keeping up with the e-commerce times but investors say they aren't seeing it in stock market valuations.

cnbc.com

Stocks making the biggest moves premarket: Kohl's, FactSet, Alibaba and others

These are the stocks posting the largest moves before the bell.

cnbc.com

Activist firm Engine Capital reportedly pressures Kohl's to consider sale of online biz

An activist is reportedly pressuring Kohl's to consider either a sale or a separation of its online business, The Wall Street Journal reported.

cnbc.com

Beauty poised for growth at Target and Kohl's as shoppers prep for parties, shop in person again

Retailers are looking to cash in as shoppers not only look for gift sets, but also treat themselves to perfumes and replenish makeup bags.

cnbc.com

Black Friday binoculars deals: Save big on these National Geographic binoculars from Kohl's

Save nearly $50 in this Black Friday binoculars sale from Kohl's.

space.com

Best Buy, Target and Walmart are among those that will be closed on Thanksgiving Day

More retailers are giving workers the holiday off, although a handful will be open for early Black Friday shopping.

cbsnews.com

Early Black Friday deal: save over 50% on Celestron's 114AZ-SR telescope

Celestron's beginner-friendly 114AZ-SR model has been reduced to just $84.99.

space.com

Best Buy, Target and Walmart are among those that will be closed on Thanksgiving Day

More retailers are giving workers the holiday off, although a handful will be open for early Black Friday shopping.

cbsnews.com
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Best Buy, Target and Walmart are among those that will be closed on Thanksgiving Day

More retailers are giving workers the holiday off, although a handful will be open for early Black Friday shopping.

cbsnews.com

Stocks making the biggest moves premarket: Alibaba, JD.com, Cisco, Nvidia and more

These are the stocks posting the largest moves before the bell.

cnbc.com

Kohl's shares jump after retailer reports 16% sales increase as shoppers buy clothes and makeup

The department store chain also raised its forecast for the year.

cnbc.com

Watch these two big-box retailers this earnings season, traders say

Retail takes the spotlight in the coming days with earnings out from industry leaders including Walmart, Kohl’s and Macy’s among others. Here's two to watch.

cnbc.com

Recall alert: Kohl’s recalls antigravity chairs over fears of collapse

Kohl's recall: Kohl's is recalling antigravity chairs over fears that they could break or collapse. ( U.S. Consumer Product Safety Commission)Kohl’s has recalled approximately 31,000 antigravity chairs over fears that the furniture can break or collapse when people sit on them. >> Read more trending newsAccording to a news release from the U.S. Consumer Product Safety Commission on Wednesday, the Sonoma Goods For Life Ultimate Oversized Antigravity Chairs were sold online between January 2019 and June 2021 for about $240. Kohl’s said it received 18 complaints from consumers about the chairs breaking, with two people claiming to receive minor injuries. The chairs were sold in several colors and have an aluminum frame, according to the CPSC.

wftv.com

Kohl's CEO says rumored Amazon department stores won't ruin its relationship with the e-commerce giant

Kohl's Chief Executive Michelle Gass said there is plenty of room for the retailer and for Amazon to operate brick-and-mortar stores.

cnbc.com

Kohl's shares fall despite earnings beat, raised full-year guidance

People shop at Kohl's department store amid the coronavirus outbreak on September 5, 2020 in San Francisco, California. Shares of Kohl's fell more than 3% in premarket trading Thursday despite reporting second-quarter earnings that beat analyst expectations and raising its forecast for the year. The results topped the $1.21 per share expected by analysts surveyed by Refinitiv. Revenue rose 31% to $4.45 billion, outpacing estimates of $4.02 billion. Shares of Kohl's are up more than 27% year to date as of Wednesday's market close, putting the retailer's market value at $8.1 billion.

cnbc.com

Foot Locker vs. Kohl's: Two traders pick favorites after stocks get analyst love

The technical setup in Kohl's could take the stock back to its old highs, says Inside Edge Capital Management founder Todd Gordon.

cnbc.com

The first batch of Sephora shops opened inside Kohl's. Here's what to expect and where they'll be next

On Friday, four Kohl's stores unveiled the new Sephora-branded beauty departments. Another 73 will roll out on Aug. 20. At least 850 will be running by 2023.

cnbc.com
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Kohl’s will close stores on Thanksgiving Day

Kohl's close Kohl's announced that it would close on Thanksgiving Day for the second consecutive year. ( Francis Dean/Corbis via Getty Images)For the second consecutive year, Kohl’s will be closed on Thanksgiving Day. Kohl’s is joining retailers like Best Buy, Walmart and Target, who are also closing on Thanksgiving Day. >> Walmart closed Thanksgiving for employee ‘thank you’Best Buy announced it was following suit four days later. While the stores will be closed, Kohl’s said in its statement that shoppers can still shop on the store’s website and on Kohl’s app.

wftv.com

Kohl's sales jump nearly 70%, soaring past estimates, retailer hikes full-year outlook

Kohl's on Thursday reported first-quarter earnings and sales that topped analysts' estimates, and raised its outlook for the full year.

cnbc.com

Patio furniture is heavily discounted at Wayfair, Kohl's and more just in time for summer

Shop major markdowns on patio furniture at much-loved retailers like Wayfair and Kohl's ahead of summer 2021.

usatoday.com

Kohl's strikes deal with activists, plans to name three new directors to its board

Kohl's said Wednesday it has come to an agreement with the group of activist investors who have been pushing to seize control of the retailer's board.

cnbc.com

Activist investor group says Kohl's earnings show 'best of worst' in retail, urges change

A group of activists looking to seize control of Kohl's board published a letter Friday saying the retailer's latest quarterly financial results were lackluster and further demonstrate the need for an overhauled strategy. "The board seems to be content performing just slightly better than the worst companies in retail," the group said in the letter to Kohl's shareholders. "'Best of the worst' is not a viable strategy, nor does it satisfy shareholders like us seeking long-term superior performance." The group of investors — Macellum Advisors, Ancora Holdings, Legion Partners Asset Management and 4010 Capital — owns a 9.5% stake in Kohl's. The activists said Friday, however, that they remain skeptical that Kohl's Amazon returns program adds to earnings.

cnbc.com

Kohl's says it has no plans to sell more real estate and lease it back. Here's why

The activists have also proposed a slate of directors for Kohl's board, which has been rejected by the big-box retailer. The investors want Kohl's to pursue a sale-leaseback program, saying it could bring in more than $3 billion. Kohl's said Tuesday that it isn't planning to sell any of its real estate to then lease back, despite a group of activists pressuring the company to take this route to come up with cash. Big-box retailers Big Lots and Bed Bath & Beyond both completed sale-leaseback deals last year, bringing them both hundreds of millions of dollars, with an affiliate of the private-equity real estate firm Oak Street Real Estate Capital buying up some of their assets. Macellum Chief Executive Jonathan Duskin, who is one of the activists targeting Kohl's, told CNBC in an interview late last month that Oak Street would be a likely suitor for Kohl's real estate, too.

cnbc.com

Kohl's shares rise after retailer posts better-than-expected earnings, sees sales growth in 2021

Kohl's on Tuesday reported fourth-quarter earnings and sales that topped analysts' estimates, and pointed to stronger growth in 2021. Sales fell to $5.88 billion from $6.54 billion a year earlier, topping the $5.86 billion forecast by analysts. Online sales jumped 22% from a year earlier and accounted for 42% of its total sales. On Tuesday, Kohl's said it would spend between $200 million to $300 million on share repurchases this year. The retailer has a market cap of $8.99 billion, which has grown to be bigger than Nordstrom's and Macy's.

cnbc.com

Stores drop MyPillow after CEO pushes election conspiracies

(AP Photo/Alex Brandon, File)NEW YORK – The founder and CEO of MyPillow, who amplified President Donald Trump's claims of election fraud, said a backlash against his company has begun after a mob stormed the U.S. Capitol this month. Lindell has continued to push bogus claims of election fraud since Trump’s loss to President-elect Joe Biden in the presidential race. That has led people to flock to social media and put pressure on stores carrying MyPillow to drop the brand. “I stand for what’s right,” said Lindell, who created the MyPillow in 2004 and built the business in Chaska, Minnesota, southwest of Minneapolis. “I’m standing firm.”Aside from the retail pressure, Lindell is also facing potential litigation from Dominion Voting Systems for his accusations that their voting machines played a role in election fraud.

Kohls requiring shoppers to wear face coverings

As many big box stores reopen and enhance cleaning and safety procedures, some stores are starting to require patrons to wear a mask while shopping. Kohls said starting July 20, it will require all customers to wear a face-covering when shopping in their stores. Find out if your favorite store is open and learn more here: https://t.co/yKv4erCCY8 #Kohls pic.twitter.com/F0paQSMwlJ Kohl's (@Kohls) July 2, 2020Kohls joins a growing list of stores that are requiring face masks to shop. Walmart, Sams Club and Kroger have also made the decision to require a face covering before entering the store. To best serve our communities and protect the health and safety of our shoppers and associates, face coverings will be required in all stores beginning Monday, July 20.

US GDP fell at 5.0% rate in Q1; worse is likely on the way

An empty parking lot is seen at a temporarily closed Kohl's department store, Wednesday, April 29, 2020, in Havertown, Pa. Devastated by the coronavirus, the U.S. economy is sinking. (AP Photo/Matt Slocum)WASHINGTON The U.S. economy shrank at a 5.0% rate in the first quarter with a much worse decline expected in the current three-month economic period because of the coronavirus pandemic. That was the sharpest quarterly decline since an 8.4% fall in the fourth quarter of 2008 during the depths of the financial crisis. The first quarter decline reflected just two weeks of the shutdowns that began in many parts of the country in mid-March. Economists are forecasting a much bigger GDP drop of around 30% for the current April-June period.

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