Kohl's

Kohl's Names New Directors in Agreement With Activist Investors
April 14, 2021 at 5:07 pm

Kohl's has come to an agreement with the group of activist investors who have been pushing to gain control of the company's board, CNBC reported. As part of the agreement, Kohl's named three new directors to its board. Two of the new directors — Margaret Jenkins and Thomas Kingsbury — were nominated by the activist…

Activist Investors Keep Up Pressure, But Cut Kohl’s Board Nominees From 9 to 5
March 11, 2021 at 7:29 pm

The group of activist investors looking to seize control of Kohl’s board has reduced the number of directors that it plans to nominate from nine to five. In a letter sent to the retailer’s shareholders Thursday, the group — which has a combined 9.5 percent stake in Kohl’s — said it originally nominated nine candidates…

Kohl's Adds 2 Million New Customers in 2020 Thanks to In-Store Amazon Returns
March 2, 2021 at 4:34 pm

At least 2 million new customers visited Kohl’s stores last year thanks to an Amazon.com returns service that the department store chain offers nationwide, reports CNBC. According to Kohl’s, a third of these new visitors were millennials. Kohl’s began accepting Amazon returns at 10 of its stores in the spring of 2017. By the summer…

Kohl’s Rejects Activist Investor Group’s Board Takeover Attempt
February 23, 2021 at 2:17 pm

Kohl’s said Monday that it has rejected an investor group’s attempt to seize control of its board, saying it would disrupt the momentum it has in revamping its business, reports CNBC. The retailer’s shares soared more than 8 percent in trading Monday, after a group of activist investors confirmed it has nominated nine directors to…

Kohl's to Lay Off 250 Workers Following Weak Holiday Sales
February 13, 2020 at 2:08 pm

Kohl's is laying off 250 workers as it restructures parts of its business following a dismal holiday season, reports CNBC. As part of the job cuts, Kohl’s is getting rid of a layer of regional store leadership roles as well as restructuring teams in its merchant organization. The changes will help Kohl’s streamline communications and eliminate the…

A Look at How Kohl's is Diversifying its Business
May 24, 2019 at 11:36 am

In this week's Retail Right Now, Total Retail's Joe Keenan and Kristina Stidham discuss the recent moves by Kohl’s to diversify its business in response to challenges facing traditional brick-and-mortar retailers, particularly department stores. Within recent months, Kohl’s announced that it was exploring acquiring home decor retail chain At Home Group Inc., partnered with Fanatics to sell…

Findings, Trends From the 2019 Top 100 Omnichannel Retailers Report
April 26, 2019 at 12:57 pm

In this week's Retail Right Now, Joe Keenan and Kristina Stidham discuss Total Retail's 2019 Top 100 Omnichannel Retailers report. They discuss key findings to emerge from the report, as well as identify the omnichannel trends gathered from the data. This report is the third annual ranking of 100 publicly traded retailers based on their…

Kohl's to Accept Amazon Returns in All its Stores
April 24, 2019 at 10:53 am

Kohl's announced Tuesday that it will accept Amazon.com returns in all of its store locations beginning in July, reports CNBC. Kohl's currently sells select Amazon products and accepts the e-commerce giant's returns in roughly 100 stores. The expansion of their partnership will push out Amazon returns capabilities to all Kohl's locations, amounting to more than…

Los Angeles Prosecutors Sue 4 Retailers for Deceptive Advertising
December 12, 2016 at 10:03 am

The Los Angeles city attorney’s office has sued four retailers, alleging deceptive advertising that it says misled shoppers into believing that thousands of products were on sale at a hefty discount. The retailers — J.C. Penney, Sears, Kohl’s and Macy’s — falsely advertised high “list” or “regular” prices on merchandise that was never actually for sale at that…

Pizza at Urban Outfitters? Tacos at Tommy Bahama? How Retailers Can Rethink the In-Store Experience
September 19, 2016 at 8:00 am

Traditional retailers are struggling. In the spring of 2016 alone, we saw Sports Authority declare bankruptcy, Aeropostale lose 93 percent of its share price before declaring insolvency, and sales at Kohl's drop. Even as recently as August 11, Macy’s announced it will close another 100 stores. There's little doubt that competition from online retailers has…