Kohl’s raised its annual profit forecast after topping second-quarter earnings, as the US department store operator benefited from a tight leash on costs and leaner …
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Kohls
Activist Hedge Fund Is Pushing Kohl’s to Sell
An activist hedge fund chaired by former Canadian Prime Minister Stephen Harper is pushing US department store operator Kohl’s to sell itself, according to people …
Kohl’s Sales Miss Estimates as Shoppers Trim Spending on Non-Essentials
Kohl’s posted a bigger-than-expected drop in quarterly sales on Tuesday as cost-conscious shoppers chose to spend less at its department stores amid still high inflation, …
Kohl’s Rises on Profit Beat as CEO’s Fixes Start to Pay Off
Kohl’s Corp. soared after it reported a surprise profit and reduced its stockpile of merchandise in the first quarter — early signs that the new …
Kohl’s Names Kingsbury as Permanent CEO
Kohl’s Corp said on Thursday that interim chief executive officer Tom Kingsbury, a director nominated by hedge funds Macellum Advisors and Ancora Holdings, will take …
Macy’s Profits From Wealthy Shoppers, Kohl’s Feels Inflation Pinch
Upscale US retail chain Macy’s Inc raised its annual profit forecast on Thursday on resilient demand for high-end clothes and beauty products, while the inflation …
Levi’s Names Kohl’s Michelle Gass as Chief Executive
Levi Strauss & Co on Tuesday named current Kohl’s Corp chief executive officer Michelle Gass as its next CEO, replacing Chip Bergh. Gass will leave …
Hedge Fund Ancora Seeks Ouster of Kohl’s CEO, Chairman
Ancora Holdings, one of the hedge funds that spearheaded a board shake-up last year at Kohl’s Corp , is now pushing for the removal of …
Sephora Expands to all Kohl’s Stores
A year into its partnership, which has seen Sephora outposts opened in about 600 stores, Kohl’s and Sephora announced they will add a Sephora shop-in-shop …
Kohl’s Falls After Fresh Forecast Cut on Inflation Pressure, Sephora to Expand Into Kohl’s Stores
Kohl’s Corp. shares sank after the company slashed full-year earnings and sales guidance for the second straight quarter as inflation suppresses demand and costs continue …
Kohl’s Strategic Review Process Ends Without Sale
The retail chain’s board took it off the market after failing to agree on a potential $8 billion sale to Franchise Group Inc., sending the …
Apollo in Talks to Provide up to $2 Billion in Financing for Kohl’s Sale
Apollo Global Management Inc. is in talks to provide up to $2 billion in debt financing for the potential acquisition of department store chain Kohl’s …
Franchise Group Enters Exclusive Talks Over Kohl’s Sale
Kohl’s Corp has entered exclusive negotiations with retail store operator Franchise Group Inc over a potential sale of the department store chain, valuing it at …
Kohl’s Becomes Latest Retailer to Warn of Inflation Pain
Kohl’s Corp cut its full-year earnings forecast on Thursday, joining some of the largest US retailers in warning that red-hot inflation is starting to erode profit …
Kohl’s Fends Off Activist Macellum’s Bid to Overhaul Board
Activist investor Macellum Capital Management’s bid to overhaul the board of Kohl’s Corp. was rejected by investors on Wednesday. Kohl’s shareholders voted against all 10 …
JCPenney Owners Offer $8.6 Billion for Kohl’s, NY Post Reports
Simon Property Group and Brookfield Asset Management are offering to acquire retailer Kohl’s Corp. in a deal that would be worth more than $8.6 billion, …
Franchise Group Joins Bidding for Kohl’s
Franchise Group Inc, owner and operator of retail stores such as The Vitamin Shoppe and Buddy’s Home Furnishings, has entered the race for Kohl’s Corp …
Kohl’s Asks Goldman to Coordinate With Bidders for Retailer
Kohl’s Corp. said it has authorised Goldman Sachs Group Inc. to coordinate with select bidders for the retailer so they can “refine and improve” their …
Report: Hudson’s Bay Considers Bid for Kohl’s
Canadian retailer Hudson’s Bay, the owner of Saks Fifth Avenue, is considering a bid for US department store operator Kohl’s Corp, Axios reported on Wednesday, …
Kohl’s Says Adviser Goldman Has Talked to 20 Potential Buyers
Images and Article from www.businessoffashion.com. Some of those parties have entered into confidentiality agreements with the company and have been provided access to a data …