Kohl's

Kohl's Goals: Localized Assortments, Smaller-Format Stores
November 15, 2011

Calling assortment planning "probably the biggest initiative we have in the next two years," Kohl's CEO Kevin Mansell revealed during a recent conference call that the department store retailer would be rolling out a new assortment planning tool with "our technology partner SAS. "We've talked at length about the need to improve how we tailor our merchandise more appropriately by market so that it's on target to the customer that lives in that market," he added. "A lot of that has to do with having the right tools for our merchants and planners to use so that job becomes

Kohl's profit soars 20% in Q3
November 14, 2011

Menomonee Falls, Wis. -- Kohl’s Corp. reported Thursday that profit for the quarter ended Oct. 29 rose 20% to $211 million, compared with $176 million in the year-ago period. The retailer cited cost cuts and strong demand for exclusive brands for the strong performance, which matched Wall Street expectations. “The launch of our Jennifer Lopez and Marc Anthony brands during the quarter met our aggressive sales plans,” said Kevin Mansell, Kohl’s president and CEO. “We expect our collection of powerful brands supported by significant marketing investments, especially in broadcast and digital media, to deliver a strong holiday season.” Revenue

Kohl's Adds $30M to Holiday Budget
November 11, 2011

The gloves are coming off this holiday season, with retailers announcing unprecedented Thanksgiving openings and "Black Midnight" entering into the lexicon. Now Kohl's is making sure its efforts will be very well-funded.

Kohl's posts 40% EPS growth in Q3
November 11, 2011

MENOMONEE FALLS, Wis. — Jennifer Lopez' and Marc Anthony's split had little impact on sales of their respective brands at Kohl's, which reported its third-quarter results Thursday. According to Kevin Mansell, Kohl’s chairman, president and CEO, "the launch of [the] Jennifer Lopez and Mark Anthony brands during the quarter met [the company's] aggressive sales plans." Kohl’s reported third quarter diluted earnings per share increased 40% to 80 cents. Net income for the quarter increased 20% to $211 million, compared with $176 million (57 cents per diluted share) a year ago. Net sales were $4.4 billion, an increase of 3.8%

Survey Finds Kohl's is America's Favorite Fashion Retailer
November 8, 2011

Kohl's is the nation's favorite fashion retail chain, according to an annual consumer survey conducted by Market Force Information, a provider of customer intelligence solutions. This is the third year in a row that Kohl's has earned the top spot.

Kohl’s Opens 30 New Stores Creating 4,000 Jobs
September 29, 2011

Kohl's is celebrating the grand opening of 30 new stores, bringing approximately 4,000 new jobs across 20 states. “We are pleased to be in a position to create thousands of jobs, as Kohl’s continues to focus on growing market share in a challenging economy,” said Kevin Mansell, Kohl's chairman, president and chief executive officer.

Kohl’s delays quarterly filing
September 9, 2011

New York City -- Kohl’s said it has notified the U.S. Securities and Exchange Commission that it is delaying filing its second quarter filing as its deals with previously reported errors in its accounting for both store and equipment leases. As a result of these and other less significant accounting corrections, Kohl's expects to record additional property and financing obligations on its balance sheet. The company said it doesn't expect the corrections to have an impact on the net increase or decrease in cash and cash equivalents reported. Kohl's said it expects to file the results for the second