Kohl's news and archive

Kohl’s raises earnings outlook after posting strong Holiday sales

Kohl’s Corporation reported 1.2 percent rise in comparable sales for November and December 2018 combined on a shifted basis, which compares the nine weeks ended January 5, 2019 and January 6, 2018. “We are delighted with our 1.2 percent shifted comparable sales increase for the Holiday period, which builds on the positive momentum we have...

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Kohl's raises full year earnings guidance

Kohl’s Corporation reported total revenue of 4,628 million dollars for the third quarter and 13,406 million dollars for the nine month period, an increase of 1.3 percent and 2.9 percent respectively. Comparable sales for the quarter were up 2.5 percent. Third quarter reported and also excluding loss on extinguishment of debt net income rose 38...

Retail

Kohl’s announces new plus size brand: EVRI

Depart store chain Kohl’s has announced the launch of a new women’s private-label plus-size brand, EVRI, which stands for “Easy, Versatyle, Real and Inspiring”. Set to include sizes 0X-4X for tops and 14W-30W for bottoms, the new brand will hit the stores in the Spring of 2019. “We’re proud to introduce EVRI apparel and enhance our women’s plus...

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Kohl’s joins plus-size revolution with new inclusive fashion label

The U.S. department store operator has joined other fashion names ranging from Chico’s to J.Crew and announced the launch EVRI, a new women’s private-label plus brand. EVRI, explained the retailer in a corporate release, stands for Easy, Versatile, Real (Value) and Inspiring, will launch at Kohl’s in Spring 2019 in sizes 0X-4X in tops and...

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Kohl’s to debut Nine West’s women’s clothing range

Kohl’s has announced that through a strategic partnership with Authentic Brands Group (ABG), owner of Nine West, the company will debut a new women’s apparel collection, in addition to Nine West footwear, handbags and outerwear. “We’re excited to bring Nine West, a brand synonymous with fashion and sophistication, to Kohl’s customers nationwide,...

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Kohl's posts 3.1 percent growth in Q2 comparable sales

Kohl’s Corporation has reported 4 percent rise in its second quarter revenue to 4,570 million dollars, while revenues in the fist six months increased 3.8 percent to 8,778 million dollars. Comparable sales in the second quarter rose 3.1 percent and increased 1.8 percent during the six-month period. Commenting on the results, Michelle Gass,...

RetailFeatured

Want to sell more online? Speed is more important than style

True or false: consumers that love a certain fashion brand will buy items from said brand online, again and again. False, according to a new survey conducted by WGSN. After surveying 15,000 women aged 16 to 39 in the US and UK, the global fashion trend forecaster found out that brand love and purchase frequency online are not correlated. First,...

Business |IN DEPTH Featured

A closer look at the fashion companies that made this year’s Fortune 500 list

Walmart has topped Fortune magazine’s list of the 500 most valuable companies in the US once more. 16 other fashion retailers have also made the list, but none of them are newcomers. FashionUnited takes a closer look at the most recent developments to stem from these companies. Walmart - 1 Several businesses are being removed from Walmart’s...

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Kohl’s posts 3.6 percent increase in Q1 comparable sales

For the first quarter ended May 5, 2018, Kohl’s Corporation reported revenues of 4,208 million dollars compared to 4,065 million dollars same quarter last year, representing an increase of 3.5 percent. Comparable sales for the quarter increased 3.6 percent. Reported net income rose 14 percent to 75 million dollars, while diluted earnings per...

Management

Kohl’s appoints Doug Howe its Chief Merchandising Office

Kohl’s has appointed Doug Howe as the company’s new Chief Merchandising Officer. In this role, the company said, Howe will be responsible for Kohl’s overall merchandise strategy and all merchandising functions, including buying, planning, product design and development, sourcing, and merchandising transformation efforts. He will continue to...

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Kohl's full year sales rise 2.2 percent

Total sales at Kohl’s for the fourth quarter were 6,776 million dollars, up 9 percent on the same quarter last year. For the full year, the company reported sales of 19,095 million dollars, an increase of 2.2 percent. Comparable store sales for the quarter increased 6.3 percent, while full year witnessed a 1.5 percent rise against a decline of...

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Kohl's raises Q4 EPS outlook on strong holiday sales

Kohl’s Corporation has reported that its total and comparable sales for November and December 2017 combined increased 6.9 percent over the same period last year. Based on stronger than expected holiday sales and expectations for fiscal January, the company now expects its fiscal 2017 diluted earnings per share to be 4.10 dollars to 4.20 dollars...