Several major retailers are closing their doors this Thanksgiving to give their workers some time off. However, a handful of companies will be open for limited hours.
Kohl's withdrew its sales and profit forecasts following a third-quarter earnings report that revealed revenue decline amid record-high inflation.
Kohl's CEO Michelle Gass, who joined the retailer in 2013, will step down next month. The company named Tom Kingsbury as interim CEO until it finds a permanent replacement.
Sources familiar with the matter told FOX Business that Ancora believes Kohl's board member and former Burlington Stores CEO Thomas Kingsbury could work as a possible successor to either Gass or Boneparth.
Just as Bed Bath & Beyond did, this struggling retail giant is looking for a new buyer to liquidate its real estate assets to improve its financial situation.
High inflation has made Americans less inclined to spend on clothing, shoes and other non-essentials, pressuring demand at retailers and leaving them with bloated inventories.
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.
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.
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.
The Federal Trade Commission has launched lawsuits against Walmart and Kohl's, claiming false advertising on a wide range of "bamboo" products.
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 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.
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 shoots down a takeover offer, and investors are taking the snub in stride.
Kohl's takeover offer is rewarding investors.
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.
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.
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, a slew of retail earnings and a key White House semiconductor meeting top the week ahead.
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.