KSS - Kohl's Corporation
| Previous close | 46.13 |
| Open | 46.22 |
| Bid | 46.63 x 1200 |
| Ask | 46.64 x 800 |
| Day's range | 46.16 - 46.69 |
| 52-week range | 43.33 - 75.91 |
| Volume | 677,553 |
| Avg. volume | 4,069,251 |
| Market cap | 7.302B |
| Beta (5Y monthly) | 1.05 |
| PE ratio (TTM) | 10.74 |
| EPS (TTM) | N/A |
| Earnings date | N/A |
| Forward dividend & yield | 2.68 (5.81%) |
| Ex-dividend date | 08 Dec 2019 |
| 1y target est | N/A |
- Zacks
Holiday Sales Are Not Impressing Investors
With earnings season in full swing, investors start to get some reports about the most recent holiday sales. We break it down to understand whats going on in the retail industry.
- Yahoo Finance
Target's disappointing holiday season reveals one big challenge for 2020
Target delivers lackluster holiday season sales results.
- Yahoo Finance
As shares fall below $1, it 'might be too late' for JC Penney to turn around
Shares of JC Penney closed below $1 recently, and if the stock continues to close below $1 for 30 days it risks being delisted by the NYSE.
- Yahoo Finance
This former Steve Jobs insider at Apple thinks struggling Macy's won't die like Sears
A one-time rival and former J.C. Penney CEO weighs in on tMacy's future.
- Yahoo Finance
Microsoft CEO Satya Nadella: Here's what will define the future of retail
Retailers best do a better job of embracing technology in the next decade than they did in the past 10 years. Yahoo Finance speaks with Microsoft CEO Satya Nadella about the future of retail.
- Zacks
Boot Barn Posts Solid Preliminary Q3 Results, Holiday Numbers
Boot Barn's (BOOT) preliminary results for Q3 reflect growth in earnings, sales and same-store sales. Additionally, the company posts same-store sales for the November-December period.
- Simply Wall St.
Introducing Kohl's (NYSE:KSS), The Stock That Dropped 31% In The Last Year
It's easy to match the overall market return by buying an index fund. While individual stocks can be big winners...
- Zacks
Kohl's (KSS) Stock Down on Soft Holiday Comps & Guidance
Kohl's (KSS) holiday period comps drop 0.2% year over year. The company now envisions fiscal 2019 earnings to come at the lower end of its previously guided range.
- Zacks
JC Penney Stock Down More Than 10% on Dismal Holiday Sales
JC Penney's (JCP) holiday sales might have been hurt by stiff competition from e-commerce players.
- Zacks
Indexes Hit New Highs, Department Store Worries & A New Top Stock - Free Lunch
Why all three major U.S. indexes surged to new highs Thursday. A look at the global economic outlook for 2020, department store worries, and more. And why Sanderson Farms, Inc. (SAFM) is a Zacks Rank 1 (Strong Buy) stock right now...
- Bloomberg
Mall-Based Retailers Feeling Pain After Shoppers Turn Away
(Bloomberg) -- Grim news continues to roll in for mall-based retailers, with several companies reporting declines in a key sales metric over the holiday period despite a broader rise in consumer spending.J.C. Penney Co. and L Brands Inc. reported drops in same-store sales, a critical measure of retail success, as did Macy’s Inc. earlier this week. The trend extended to retailers largely outside malls, such as Kohl’s Corp. which also posted a decline, while Bed Bath & Beyond withdrew its financial projections amid weak results.The holidays are the most important time of year for most retailers, so hopes for a sustained turnaround for beleaguered companies in large part hinged on a better performance in the final months of 2019. But deeply ingrained trends -- such as digital-savvy shoppers migrating to wherever the discounts are, forcing prices down across the market -- are preventing many retailers from regaining their former stature.The declines at Kohl’s and L Brands in particular were surprising, said Poonam Goyal, an analyst with Bloomberg Intelligence.“Sales should have been up, but they weren’t and that’s a bit concerning,” Goyal said. “They could have posted better results, and the fact that they didn’t shows the need for them to drive traffic and maybe even shrink their stores into smaller formats. It’s time to do more.”Biggest RetailersThe biggest retailers -- especially Amazon.com Inc., Walmart Inc. and Target Corp. -- are among the primary beneficiaries of the mall-based troubles. E-commerce gobbled up market share during the holidays, with web sales in the U.S. growing almost 19% compared to last year, according to Mastercard SpendingPulse data, which tracked sales from Nov. 1 to Dec. 24.All signs pointed to confident U.S. consumers who were ready to open their wallets. Spending picked up in November and income gains topped projections, according to Commerce Department data released in December. This makes the sales declines at the traditional retailers more stark, according to Alex Arnold, a managing director of the consumer practice at investment bank Odeon Capital.“You’re just seeing this ongoing transformation of retail,” he said. “The consumer is still engaged, which is good, but you have to be positioned for the market. It’s not about opening a bunch of stores. It’s about making investments in being competitive digitally.”Here’s a look at some of the details the companies released on Thursday.Kohl’sKohl’s reported a same-store sales decline of 0.2% in November and December. The company also said profit for fiscal 2019, which ends in February, will be at the low end of its previously announced range of $4.75 to $4.95 a share.Chief Executive Officer Michelle Gass said strength in e-commerce, beauty, footwear and other areas was offset by weakness in women’s apparel, and said the company is working “with speed” to fix the problem.“Although the sales dip at Kohl’s is only modest, it is disappointing that the company was not able to continue the growth posted during the third quarter,” Neil Saunders, managing director of GlobalData Retail, said in emailed comments. “This is especially so as the consumer economy was strong over the period, so the flat performance is more reflective of Kohl’s and its strategy rather than of external dynamics.”Kohl’s shares fell as much as 9.7% to $44.61, the lowest intraday level in more than four months. The company had stressed the importance of promotions and partnerships, like serving as a drop-off point for Amazon returns, in attracting customers over the holiday period.L BrandsThe owner of Victoria’s Secret also posted negative results, a sign its efforts to shift its marketing approach haven’t been enough. L Brands has struggled to adjust to a broader change in the lingerie business, with competitors gaining traction by embracing different body types while Victoria’s Secret continued to drive its push-up bra aesthetic.Same-store sales dropped 12% for Victoria’s Secret, and L Brands cut its earnings forecast for the fourth quarter to about $1.85 a share, down from a previous projection of about $2.Investors shrugged off the results, however, with L Brands stock rising as much as 6.3% to $19.29 before paring much of the gain.J.C. PenneyThe Dallas-based department-store chain, which has been fighting to reverse falling foot traffic and improve its inventory management, reported that same-store sales fell 5.3% in the holiday period when excluding the impact of its exit from the appliance and furniture categories.J.C. Penney reaffirmed its forecast for a full-year adjusted comparable-store sales decline of 5% to 6%. The company is scheduled to report earnings on Feb. 27.The shares fell as much as 13% to $1.05.While e-commerce is growing in relevance, stores remain an important factor, Bob Phibbs, head of the Retail Doctor, a New York-based consulting firm, said.The results at J.C. Penney and Kohl’s suggest 2020 could be another difficult year for department stores, which were the worst-performing sector on the S&P 500 Index in 2019.Right now, their main challenge is luring shoppers away from more niche options like Lululemon Athletica Inc., according to Phibbs.“In 2020, it’s all about knowing who your customer is, becoming a niche player and knowing how to deliver,” he said.(Updates with retail data, analyst comments from sixth paragraph.)To contact the reporters on this story: Jonathan Roeder in Chicago at jroeder@bloomberg.net;Jordyn Holman in New York at jholman19@bloomberg.netTo contact the editor responsible for this story: Sally Bakewell at sbakewell1@bloomberg.netFor more articles like this, please visit us at bloomberg.com©2020 Bloomberg L.P.
- Bloomberg
Not Even Amazon or the Olsen Twins Can Save Kohl's
(Bloomberg Opinion) -- Kohl’s Corp.’s holiday season sales miss suggests even the most promising turnaround strategies won’t be enough to save department stores.Shares of Kohl’s fell as much as 9.4% in early trading on Thursday after the company said same-store sales in the all-important November and December period declined. Kohl’s blamed the 0.2% sales drop on softness in women’s apparel, which CEO Michelle Gass said the company is “working with speed to address.” She promised to share additional details on key growth initiatives at an investor day scheduled for March. Credit to Kohl’s for realizing it needs to do more, but there’s still a sense of deja vu here.Kohl’s went into the holiday season promising it would see the benefits of both a “record level of newness” in its product selection and an effort to drive more traffic in its stores by accepting returns for Amazon.com Inc. My colleague Sarah Halzack warned in October that the holiday rush would be a key test of how much traction these initiatives were actually getting and that the lack of a payoff would lead to many unhappy investors and serious doubts about how feasible a comeback for Kohl’s really is.In some ways, you could argue those strategies did give Kohl’s a leg up over its peers. Macy’s Inc.’s said earlier this week that comparable sales at owned and licensed stores in November and December dropped 0.6% despite its own turnaround initiatives, while J.C. Penney Co. on Thursday reported a 5.3% percent plunge in the nine-week period ended Jan. 4, after adjusting for its exit from major appliances and in-store furniture. But if, after throwing everything it had at a better holiday season, all Kohl’s has to show for itself is a relatively less-bad decline, that doesn’t bode well.The softness in women’s retail is particularly troubling. Among the new offerings Kohl’s rolled out for the holiday season was an exclusive women’s line from designer Jason Wu and a partnership with Mary-Kate and Ashley Olsen for their Elizabeth and James-branded apparel, handbags and accessories. It’s not clear if customers just weren’t interested, or were turned off by poor, cluttered store displays, or Kohl’s just couldn’t get them in the door to take a look, even with the Amazon program. Cowen analyst Oliver Chen cut his rating on Kohl’s to “market perform” ahead of the holiday sales release on concerns about its performance in women’s apparel, among other things. He warned that customer recognition and uptake of Kohl’s initiatives may take time. But time is the commodity Kohl’s has the least of, with companies such as Target Corp. and TJX Cos. taking away market share that will be difficult to win back.While Gass cited “momentum” in categories like activewear and beauty and “solid performance” in footwear and men’s, it’s no longer clear what counts as momentum and solid for Kohl’s after such a long string of disappointments. The company also warned on Thursday that 2019 earnings would come in at the low end of its guidance, suggesting that the sales it did get came via increased promotions.Kohl’s went into the holiday season as the best-positioned to succeed among a group of struggling department stores. It exits it as just one of the pack.To contact the author of this story: Brooke Sutherland at bsutherland7@bloomberg.netTo contact the editor responsible for this story: Beth Williams at bewilliams@bloomberg.netThis column does not necessarily reflect the opinion of the editorial board or Bloomberg LP and its owners.Brooke Sutherland is a Bloomberg Opinion columnist covering deals and industrial companies. She previously wrote an M&A column for Bloomberg News.For more articles like this, please visit us at bloomberg.com/opinionSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.
- Yahoo Finance
Target hatches a billion dollar plan to challenge Nike and Under Armour
Target is getting ready to make a splash in the athletic apparel and footwear space.
- Investing.com
Stocks - Wall Street Heads Higher: New Dow Record
Investing.com - U.S. stocks opened firmer Thursday as investors reacted positively to the apparent scaling down of tensions in the Middle East, turning their attention back to the economy’s sound fundamentals.
- Yahoo Finance
The demise of brick-and-mortar retail is about more than Amazon
Fragmentation among online retailers is making it even more difficult to run a brick-and-mortar business.
- Yahoo Finance
Amazon's record-breaking holiday season includes two killer stats but its stock has surprisingly lagged
Amazon appeared to dominate this holiday season. Here are two stats that stood out to Yahoo Finance.
- Yahoo Finance
Abercrombie & Fitch is testing a Victoria's Secret and Aerie rival
Abercrombie & Fitch may be on the cusp of going hard after an opportunity up for grabs in the intimate apparel market.
- Yahoo Finance
Abercrombie & Fitch faces one of its biggest opportunities in 2020
Abercrombie & Fitch enters 2020 ready to make some big changes to its stores. Yahoo Finance talks to CEO Fran Horowitz about its plan.
- Zacks
Kohl's Stock Up 10% in 6 Months on Sales-Driving Initiatives
Kohl's (KSS) is likely to continue gaining from efforts to drive digital as well as in-store sales. However, higher SG&A expenses are concerning.
- Zacks
5 Last-Minute ETF Deals Before Christmas Eve
With Christmas fast approaching, last minute shopping trend can be fruitful for these ETFs.
- Yahoo Finance
Nike is seeing a shocking rebirth in this business because of one key sneaker
Welcome back to life, Converse.
- Zacks
Kohl's (KSS) Up 7.7% Since Last Earnings Report: Can It Continue?
Kohl's (KSS) reported earnings 30 days ago. What's next for the stock? We take a look at earnings estimates for some clues.
- Yahoo Finance
Nike looks unstoppable in 2020 as Air Jordan 11 Bred is re-released
It could be another strong year for Nike's stock in 2020. Here's why.
- Yahoo Finance
Deep discounting is running rampant before Christmas and that's bad for retail stocks
Some big name retail stocks are under severe pressure in the days before Christmas. Here's why.
