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The Latest Breaking News from Kohl

Kohl's Corp (NYSE:KSS) Board of Directors has entered into exclusive negotiations with Franchise Group Inc (NASDAQ:FRG) over the potential sale. Franchise's bid of $60 per share constitutes a 42.5% premium to Kohl's closing price of $42.12 on June 6. Related: Sycamore, Franchise Group Submit Bids for Kohl's: WSJ The discussion will go on for three weeks to…

Benzinga

Soaring inflation divides spending for haves and have-nots

Americans at the low end of the income rung are once again struggling to make ends meet

The Independent UK

Sycamore, Franchise Group Submit Bids for Kohl's: WSJ

Kohl’s Corp (NYSE:KSS) has received takeover bids form from private-equity firm Sycamore Partners and retail holding company Franchise Group, Inc (NASDAQ:FRG), the Wall Street Journal reported. Sycamore proposed $50 a share, and Franchise Group offered $60 per share, the report noted, valuing the company between $7 billion - $8 billion. The bidders had previously said…

Benzinga

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What's Going On With Kohl's Shares Today

Bidders seeking to acquire Kohl's Corp (NYSE:KSS) are likely to make offers lower than their initial ones to reflect the market downturn, Reuters reported. The potential purchasers, including private equity firm Sycamore Partners, brand holding firm Franchise Group, J.C. Penney investors Simon Property Group, Inc. (NYSE:SPG), and Brookfield Asset Management Inc (NYSE:BAM), intend to lower their offers…

Benzinga

Consumers defy inflation to support economy. For how long?

With prices across the economy soaring at their fastest pace in decades, you might think Americans would tap the brakes on spending

The Independent UK

Cowen & Co. Maintains Outperform Rating for Kohl's: Here's What You Need To Know

Cowen & Co. has decided to maintain its Outperform rating of Kohl's (NYSE:KSS) and lower its price target from $75.00 to $60.00. Shares of Kohl's are trading down 12.23% over the last 24 hours, at $39.53 per share.

Benzinga

Buying The Dip In Walmart & Target? Why These 3 Retail Stocks Are Better Options

The poor earnings reports from Walmart Inc (NYSE: WMT) and Target Corporation (NYSE: TGT) were shocking, Ryan Craver, founder of Commerce Canal, told Benzinga’s

Benzinga

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3 Cheap Mid-Cap Stocks That Yield More Than 4%

As the inflationary environment and recession concerns could keep the overall stock market under pressure, it could be wise to bet on quality mid-cap stocks New Residential Investment (NRZ), International Game Technology (IGT), and Kohl's Corporation (KSS). These stocks yield more than 4% and are currently trading at discounts to…

StockNews.com

Benzinga's Daily Brief On Trending Tickers For May 19, 2022: Cisco, Kohl's And More

Benzinga’s “Daily Brief On Trending Tickers” highlights top-searched tickers from around the web and uses the Benzinga Pro platform to highlight recent news items possibly impacting those stocks.

Benzinga

Why Kohl's Stock Is Sliding Today

Kohl's Corp (NYSE: KSS) shares are trading lower Thursday after the company reported earnings results that were down year-over-year and cut its full-year earnings guidance.

Benzinga

Multiple Bidders, Key Executives Departure, Mixed Q1 Earnings - Lots Going On With Kohl's

Kohl's Corp (NYSE:KSS) reported a first-quarter FY22 sales decline of 4.4% year-on-year to $3.71 billion, beating the consensus of $3.68 billion. Gross margin for the quarter contracted by 69 basis points to 38.3%. The operating margin was 2.2%, and operating income for the quarter declined 70% Y/Y to $82 million. Selling, general and…

Benzinga

Kohl's: Q1 Earnings Insights

Kohl's (NYSE:KSS) reported its Q1 earnings results on Thursday, May 19, 2022 at 07:00 AM. Here's what investors need to know about the announcement.

Benzinga

A Preview Of Kohl's's Earnings

Kohl's (NYSE:KSS) is set to give its latest quarterly earnings report on Thursday, 2022-05-19. Here's what investors need to know before the announcement. Analysts estimate that Kohl's will report an earnings per share (EPS) of $0.70.

Benzinga

Why Kohl's Shares Are Falling Today

Kohl's Corp (NYSE: KSS) shares are trading lower Wednesday alongside several other retailers after Target Corp (NYSE: TGT) announced worse-than-expected earnings results.

Benzinga

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Benzinga

What 4 Analyst Ratings Have To Say About Kohl's

Analysts have provided the following ratings for Kohl's (NYSE:KSS) within the last quarter:

Benzinga

What's Going On With Kohl's Shares Today

Kohl's Corp (NYSE:KSS) shareholders have voted to re-elect all thirteen of the company's director nominees at the 2022 Annual Meeting of Shareholders. "We would like to thank our shareholders for their support throughout this proxy contest," said Peter Boneparth, Chairman of the Board. The preliminary result means that shareholders have voted down Macellum Advisors' director…

The Guardian - US

Revealed: top US corporations raising prices on Americans even as profits surge

A Guardian analysis uncovers how companies enriched themselves and their investors while boasting about jacking up prices

Benzinga

Analyst Ratings for Kohl's

Within the last quarter, Kohl's (NYSE:KSS) has observed the following analyst ratings:

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news in one place.

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Benzinga

Kohl's Receives $9B Buyout Offer From Franchise Group: Reuters

Kohl’s Corp (NYSE:KSS) has received a $9 billion buyout offer from Franchise Group Inc (NASDAQ:FRG), Reuters reported. The report specified that the franchise Group plans to pay $69 per share of Kohl’s. Kohl’s, under pressure from activist hedge funds regarding a sale, will now have more options with Franchise’s entry. The report also noted Hudson's Bay…

The Independent UK

Walmart, Kohl's settle over 'eco-friendly' rayon products

Walmart and Kohl’s are paying a combined $5.5 million in settlements after he Federal Trade Commission said the retailers falsely marketed dozens of sheets and other home textile products as made of environmentally friendly bamboo

Benzinga

A Fireside Chat with Evan Gappelberg - CEO of NexTech AR Solutions

OTC:NEXCF

Benzinga

Kohl's Extends Credit Card Partnership With Capital One

Kohl's Corp (NYSE:KSS) and Capital One, a subsidiary of Capital One Financial Corp (NYSE:COF), have signed a multi-year extension of their credit card program agreement. The second contract extension will provide highly compelling products to Kohl's millions of customers. The two companies have also agreed to a co-branded card product piloted as early as 2023.…

Benzinga

Why Are Kohl's Shares Trading Higher Today

Hudson's Bay, the owner of American luxury department store chain Saks Fifth Avenue, is planning a bid for the department store chain Kohl's Corp (NYSE:KSS), Reuters reported. Related: Kohl's Dismisses Takeover Offers: What Investors Need To Know In another development, Engine Capital LP issued a letter to the board of Kohl's, urging the sale of the…

Benzinga

Analyst Ratings For Kohl's

Over the past 3 months, 5 analysts have published their opinion on Kohl's (NYSE:KSS) stock. These analysts are typically employed by large Wall Street banks and tasked with understanding a company's business to predict how a stock will trade over the upcoming year.

Benzinga

Kohl's Plans To Open New Smaller Format Stores, Grow Sephora Business

Kohl’s Corp (NYSE:KSS) provided a long-term financial target update, expecting low-single digits percent sales growth and mid-to-high single digits percent EPS growth. The company aims to grow the Sephora business to $2 billion through an expanded store rollout to 850 stores. The company also plans to acquire new customers with Amazon.Com Inc (NASDAQ:AMZN) Amazon…

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