Kohl's shares sink after ending sale talks with Franchise Group, lowering outlook
Kohl's received an initial bid of $60 per share from The Vitamin Shoppe owner valuing the retailer at about $8 billion. However, it later submitted a revised $53 per share offer without definitive financing arrangements to consummate a transaction.
Wednesday's trading: 5 Things to know
Here are the key events taking place on Wednesday that could impact trading including the DOE's inventory, U.S. trade gap and retail news.
Kohl's becomes latest retailer to warn of inflation eating into profits
The company said it expects fiscal 2022 per share adjusted earnings of $6.45 to $6.85, compared with its previous forecast of $7.00 to $7.50.
Walmart, Kohl's falsely marketed 'bamboo' fiber in bedding, towels, bras: FTC
The Federal Trade Commission has launched lawsuits against Walmart and Kohl's, claiming false advertising on a wide range of "bamboo" products.
Sycamore and Hudson’s Bay prepare Kohl’s bids
Private-equity firm Sycamore Partners and Canada’s Hudson’s Bay plan to submit takeover bids for Kohl’s Corp. that could value Kohl’s above $9 billion, according to people familiar with the matter.
Kohl's betting big on Sephora, smaller stores amid pressure from activist investors
Kohl's is aiming to become the retailer of choice for the active and casual lifestyle and a destination for iconic national brands as it faces pressure from activist investors to pursue a sale.
Kohl's adding 400 Sephora shops in 2022
On Tuesday, Kohl's revealed a list of 400 additional stores in 36 states, from Alaska to Maine, that will have a Sephora at Kohl’s shop.
Kohl's slaps down takeover offers
Kohl's shoots down a takeover offer, and investors are taking the snub in stride.
Kohl's stock soars on takeover offer
Kohl's takeover offer is rewarding investors.
Kohl's under fresh pressure as Sycamore expresses interest after Acacia made bid
U.S. department store Kohl's Corp may soon receive a second takeover offer as private equity firm Sycamore Partners prepares to make a bid only days after a consortium backed by activist investment firm Starboard Value proposed buying the company, three sources familiar with the matter said on Sunday.
Kohl’s gets $9 billion bid from Starboard Value Group
A consortium backed by activist hedge fund Starboard Value LP has offered roughly $9 billion to buy department store Kohl's Corp., according to people familiar with the matter.
Kohls CEO talks Amazon partnership, turning business into ‘lifestyle concept’
Retail giant Kohl's has been on a roll in the markets after a blowout earnings report and CEO Michelle Gass tagged the company’s success on its lifestyle approach on "The Claman Countdown."
Tax Day, Bill Gates appearance and Walmart, Target earnings top week ahead
Tax Day, a slew of retail earnings and a key White House semiconductor meeting top the week ahead.
Kohl's to launch private-label athleisure brand
Kohl's is making an even bigger investment into the growing athleisure wear category by launching an exclusive clothing line for men and women this spring.
Kohl's cuts 15% of corporate workforce
As retailers continue to struggle during the pandemic, Kohl's announced Tuesday it has cut about 15% of it corporate jobs
Coronavirus binge-shopping helps big-box retailers leave rivals in the dust
Quarterly earnings released this week by major retailers revealed consumers are spending less on food and essentials and more on furniture, electronics and other big-ticket items.
Kohl's shares tank as coronavirus takes toll on business
Kohl's shares plunged despite better-than-expected results.
Coronavirus masks are required inside these stores across the US
Here’s a list of U.S. retailers that have implemented new mask policies in light of the rising number of coronavirus cases.
Kohl's partnerships have yet to give it a lift
Kohl's partnership with Amazon.com hasn't provided a significant boost to sales and profitability.
Kohl's, Kroger join Walmart, Sam's Club in nationwide coronavirus mask mandate
Kohl's and Kroger are following suit with rivals Walmart and Sam's Club, announcing they will require all customers to wear masks while shopping in stores in response to a surge in coronavirus cases across the country.