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    In this article MC-FR ULTA KSS TGT A Sephora shop inside a Kohl's store, and an Ulta Beauty shop inside a Target store.Source: Kohl's; TargetBeauty is always a big holiday category, but this year it's poised to be even bigger. Shoppers aren't just looking for perfumes or candles to give to family and friends. They are eager to replenish makeup bags, refresh routines and buy new lipsticks to don at parties. Consumers are also heading back to stores in larger numbers — a shift that could lift sales in a category that's driven by in-person experiences. A trip to a beauty store offers the chance to try out an item before purchasing, talk to an expert or grab stocking stuffers and impulse buys after seeing colorful displays. That is playing out at Target and Kohl's stores, which will mark the first holiday season with a stepped-up focus and more square footage dedicated to lipstick, perfume, gift sets and more. Target has opened about 100 mini Ulta Beauty shops inside of its stores. Kohl's has debuted about 200 Sephora locations....
    BERLIN (AP) — A German federal court ruled on Monday that the widow of former Chancellor Helmut Kohl isn’t entitled to 1 million euros ($1.1 million) in damages that the country’s late leader was awarded in a legal battle with his one-time ghostwriter. Kohl was awarded the damages shortly before he died in 2017 by a Cologne court, which found that the ghostwriter had violated his privacy rights. Kohl argued that journalist Heribert Schwan had included comments in his 2014 unauthorized biography “Legacy: The Kohl Records” that the ex-chancellor told him in confidence. Schwan and Kohl had worked on several volumes of memoirs but then parted ways. The quotes in question came partially from recorded interviews conducted in 2001 and 2002, when Kohl — who led the country from 1982 to 1998 — was under pressure in a party financing scandal. His unflattering comments about other politicians drew widespread attention. The case continued to make its way through the legal system after the death of Kohl, who had sought a larger award. His widow, Maike Kohl-Richter, pursued it as...
    Kohls The Thanksgiving Day meal has wrapped up and Americans are preparing for Black Friday shopping plans! Kohl’s is one of the major retailers that closed for Thanksgiving Day but is offering extended hours for in-person shopping on Black Friday. There is also a plethora of specials to help customers get everything on their lists.Kohl’s Is Open From 5 a.m. Until Midnight on Black Friday KohlsKohl’s has Drive Up and In-Store Pickup. Kohl’s has more than 1,160 stores across the United States. According to the company’s website, all locations will open their doors on Black Friday beginning at 5 a.m. They’ll remain open for in-person shopping until midnight. As for Saturday, November 27, Kohl’s will be open from 8 a.m. until 11 p.m. To find the Kohl’s located close to you, use the company’s online locator tool here. Kohl’s also noted on its website that shoppers can shop online and pick up the items at the store: Kohl’s makes holiday shopping easy with options like fast and free contactless Drive Up and In-Store Pickup, which offers...
    KOHL'S currently has thousands of items on sale in honor of Black Friday – and you get monster savings on select items. How much you could save at Kohl’s this Black Friday could depend on the category. 1You can save up to 85% on select clothing items at Kohl's For instance, you could save up to 85% on clothing, 70% on shoes and kitchen products, and 60% on luggage. Moreover, Kohl’s has some other products that you can find sales on including toys, outwear, and activewear.    Along with Kohl’s, other major retailers including Costco, Amazon, Walmart, Macy's, and Lowe’s have kicked off deals ahead of Black Friday. But keep in mind two things when shopping online at Kohl’s: firstly, you might be able to save an additional 15% by using the code ENJOY15 until November 26. Secondly, shipping charges may apply. We explain some of the best deals you can find at Kohl’s this Black Friday. Most read in MoneyPRETTY PENNY Lincoln pennies from early 1900s sell for $1,175 eachSHOW ME THE MONEY IRS sends out more than 169million stimulus checksCASHING IN Families eligible for ‘surprise’ $8,000...
    In this article NVDA RIDE BBBY GM A shopper walks past a Bed Bath & Beyond Inc. storeAndrew Harrer | Bloomberg | Getty ImagesCheck out the companies making headlines in midday trading. Bed Bath & Beyond – Shares of the big-box retailer plunged 23% after the company slashed its revenue and earnings outlook amid supply chain challenges and inflation. Bed Bath & Beyond cited a steep drop-off in shopper traffic in August. The stock has wiped out its jaw-dropping meme-stock rally in 2021, falling over 4% on the year. Other retail stocks including Gap, Newell Brands and Bath & Body Works declined as well. Kohl's – Kohl's shares sunk over 13% after Bank of America double-downgraded the stock to an underperform rating from buy, citing persistent supply chain problems. The firm also slashed its price target to $48 per share from $75. CarMax – Shares of the used vehicle retailer tanked 11% after reporting disappointing quarterly earnings. CarMax reported earnings of $1.72 per share, while analysts expected earnings of $1.90 per share, according to Refinitiv. Used car same-store sales rose 6.2%, lower...
    A group of at least ten Colorado parents is planning to sue the Tri-County Health Department over its mask mandate, which threatens teachers and administrators with arrest and fines if they do not enforce or follow the rule, CBS Denver reported on Tuesday. Last week, the superintendent of Littleton Public Schools “told the school board they could be held criminally liable for not enforcing the mask mandate,” according to the report. The health department reportedly said educators will be guilty of committing a class 1 misdemeanor punishable by up to a year in prison and a $5,000 fine if they do not enforce the mandate. “I’m not an anti-masker. I support anything that we can do. What I am against is abusing the power of teachers against their will, against the will of the children and against the will of people,” said Tara Kohl, who is among the parents filing the lawsuit. Her son is in third grade at Pine Grove Elementary School in Parker. Kohl told the station a teacher at her son’s school would not let him inside unless...
    PARKER, Colo. (CBS4) – Some parents are suing Tri-County Health Department over its mask mandate. At issue is whether teachers and administrators can be arrested, charged and prosecuted, not only if they don’t wear masks themselves in school, but if their students don’t wear masks. The superintendent of Littleton Public Schools told the school board last week they could be held criminally liable for not enforcing the mask mandate. READ MORE: Colorado Weather: Unusual Threat For Large Hail, Damaging Wind On Tuesday (credit: CBS) Tri-County Health says if educators don’t enforce the mandate, it’s a class 1 misdemeanor punishable by up to a year in prison and $5,000 fine. “I’m not an anti-masker. I support anything that we can do. What I am against is abusing the power of teachers against their will, against the will of the children and against the will of people,” said Tara Kohl, whose son is a 3rd grader at Pine Grove Elementary School in Parker. She’s among some 10 parents suing Tri-County Health after, she says, teachers at her son’s school refused to let...
    In this article SPG JWN KSS M VIDEO4:5504:55Macy's pops on analyst upgrade — Trading department store stocksTrading NationIs it time to dive into department store stocks? Analysts at Cowen brought that question to the forefront on Thursday by upgrading Macy's stock to outperform, citing the company's digital innovation efforts and calling it "an American icon reinvented." Macy's shares finished trading up nearly 2% on Thursday. Kohl's stock followed suit, ending the day roughly 1% higher. Both stocks and fellow department store operator Nordstrom fell sharply in early Friday trading. There may be a more lucrative way to play the evolving retail landscape, however, Tocqueville Asset Management portfolio manager John Petrides told CNBC's "Trading Nation" on Thursday. "Investing in the big-box retailers has been a roller coaster for five or six years now, at least as the true emergence of e-commerce has hit mainstream," Petrides said. "A more interesting way to play it that we have for those clients in our enhanced income strategy that are looking for yield has been through Simon Property Group, which owns essentially all the...
    In this article AMZN KSS Kohl's Chief Executive Officer Michelle GassSource: Kohl'sKohl's Chief Executive Michelle Gass said there is plenty of room for the retailer and for Amazon to operate brick-and-mortar stores. "Retail is vast, and there's a lot of market to be had," Gass told CNBC's Courtney Reagan Tuesday afternoon, during a CNBC Evolve livestream event. "We always have to be raising the bar." Gass' comments come after a report in the Wall Street Journal said that Amazon is planning to open large locations that resemble department stores, marking the e-commerce giant's latest experiment with brick-and-mortar retail. The stores are expected to resemble the size of a TJ Maxx and hold both apparel and tech products, the paper said. When asked by CNBC, at the time, Amazon declined to comment. Shares of Target, Walmart and Best Buy fell on the news as investors worried a roughly 30,000-square-foot Amazon department store would go head-to-head with these retailers in strip malls. Kohl's stores are largely in these types of shopping centers as well, but the department store chain has a unique...
    By Jonathan Roeder and Jordyn Holman | Bloomberg News that Amazon.com is planning department stores sent a shudder through retail stocks just as some of the biggest names in the industry were reporting robust earnings, a signal that new challenges await in the beleaguered sector. Amazon will open several physical locations that will compete with department stores, the Wall Street Journal reported Thursday, citing unidentified people familiar with the matter. The first stores, the Journal reported, are expected to be located in California and Ohio and will be about 30,000 square feet in size, which would be smaller than the typical department store. Amazon, which declined to comment on the report, debuted its Fresh grocery store concept last year in Southern California. The chain of small stores loaded with Amazon-enabled tech is up to eight in Orange and Los Angeles counties. The company also opened its 4-Star store in Glendale and Woodland Hills. Shares of big-box retailers like Target Corp. and Best Buy Co. fell abruptly in early trading on Thursday before recovering later in the day. That’s a sign...
    In this article HOOD BJ WOOF TPR KSS M VIDEO1:3501:35News Update – Pre-MarketsNews BriefingCheck out the companies making headlines before the bell: Macy's (M) – The retailer reported adjusted quarterly earnings of $1.29 per share, well above the 19 cents consensus estimate, with revenue also above forecasts. Macy's reported a better-than-expected increase in comparable-store sales, raised its annual sales forecast, and also announced a share buyback and the reinstatement of its dividend. Shares jumped 3.7% in the premarket. Kohl's (KSS) – Kohl's fell 2.6% in premarket action despite quarterly results that beat analyst forecasts. Kohl's reported an adjusted quarterly profit of $2.48 per share, well above the $1.21 consensus estimate. Tapestry (TPR) – The company behind the Coach and Kate Spade brands beat estimates by 5 cents with adjusted quarterly earnings of 74 cents per share and revenue above estimates as a reopening of economies around the world boosted demand for luxury goods. Tapestry also reinstated its dividend, but shares fell 2.3% in premarket trading. Petco (WOOF) – The pet products retailer beat estimates by 5 cents with adjusted...
    In this article KSSPeople shop at Kohl's department store amid the coronavirus outbreak on September 5, 2020 in San Francisco, California.Liu Guanguan | China News Service | Getty ImagesShares of Kohl's fell more than 3% in premarket trading Thursday despite reporting second-quarter earnings that beat analyst expectations and raising its forecast for the year. Here's how the company did for its second quarter ended July 31 compared with what analysts surveyed by Refinitiv were anticipating: Earnings per share: $2.48 vs. $1.21 expected Revenue: $4.45 billion vs. $4.02 billion expected Net income rose to $382 million, or $2.48 per share, from $47 million, or 30 cents per share, a year earlier. The results topped the $1.21 per share expected by analysts surveyed by Refinitiv. Revenue rose 31% to $4.45 billion, outpacing estimates of $4.02 billion. Shares of Kohl's are up more than 27% year to date as of Wednesday's market close, putting the retailer's market value at $8.1 billion. This is breaking news. Please check back for updates.VIDEO6:1806:18Watch CNBC's full interview with Kohl's CEO Michelle GassClosing...
    In this article KSS FL VIDEO3:5703:57Foot Locker, Kohl's named catalyst buys at Deutsche. Traders pick favoritesTrading NationAnalysts are warming to parts of the retail trade. Deutsche Bank issued short-term buy ratings on Foot Locker and Kohl's on Wednesday, saying the stocks' recent underperformance could be setting them up for a rebound in the coming months. Of the two, Kohl's looked better on a technical basis, Inside Edge Capital Management founder Todd Gordon told CNBC's "Trading Nation" on Wednesday. "It's below the 2018 highs, but we held the 200-week moving average very well," he said, citing a chart.Zoom In IconArrows pointing outwards"We're sort of in a bull flag consolidation, which I think could set up … a move maybe back to the old highs [around] 83," said Gordon, also founder and managing director of TradingAnalysis.com. Kohl's shares dipped by more than 1% in Thursday afternoon trading to around $55.75. The retailer's recent deal with Sephora to open physical locations within its stores and begin an online partnership should also attract shoppers, Gordon said. "That online strategy I think is what's...
    New York (CNN)Kohl's and Sephora are teaming up to go beyond the shopping mall and bring more makeup to customers.The department store and beauty retailer announced their partnership in December 2020, but the mini Sephora shops are finally starting to open in select Kohl's locations this month. More than 70 of the first Sephora at Kohl's locations will open starting August 20, according to a Kohl's press release.The mini Sephora shops will be staffed by Sephora-trained beauty advisers who will be able to provide consultations and assist customers with their cosmetic needs.The partnership will replace an earlier one that Sephora struck with JCPenney (JCP) that the beauty supply chain said is slated to end in the next few years.Makeup sales took a big hit last year during the pandemic as consumers stopped going into the office and began working from home. But with the increase in vaccinations and loosening of social distancing and mask-wearing restrictions, beauty products are making a big comeback this summer. Lipstick sales jumped a whopping 80% earlier this year.Read MoreKohl's and Sephora plan to open 200...
    VIDEO5:4305:43Kohl's CEO Michelle Gass details new in-store partnership with SephoraSquawk on the Street The first batch of Sephora shops within Kohl's stores debuted on Friday. Both brands are hoping to woo new customers with the partnership, which was announced nine months ago. On Friday, four Kohl's unveiled the new Sephora-branded beauty departments. Another 73 will roll out on Aug. 20. Ultimately, the goal is to have 400 locations open this year, and at least 850 up-and-running by 2023. "You're seeing the exact same experience that you would enjoy in any other Sephora environment," said Jean-Andre Rougeot, Sephora CEO of Americas in an interview with CNBC at Kohl's Ramsey, New Jersey, store. "I would say the quality of the store you're seeing, the upscaleness, selectivity, is better than some of our own Sephora stores." Sephora has around 500 of its 2,600 stores in the Americas. While it's an accomplishment to go from announcement to launch in less than a year, the delta variant of Covid-19 is causing hot spots to flare up throughout the country and around the world....
    LANSING, Mich. (AP) — More than 600,000 Michigan residents who received pandemic-related unemployment aid are being told to update their accounts after the state learned that some reasons for eligibility approved months ago were wrong. At the start of the coronavirus pandemic, states had the flexibility to interpret federal guidelines, but the U.S. Labor Department subsequently “became more prescriptive,” the Unemployment Insurance Agency said Wednesday. READ MORE: Michigan Names 1st Winners Of $50K Vaccination Sweepstakes It’s not clear if people will be forced to repay benefits. “We’re doing everything we can to help working families navigate this issue. … The agency will evaluate each requalification on a case-by-case basis, and we are currently reviewing a waiver process,” said acting director Liza Estlund Olson. READ MORE: Child Tax Credit Latest: How To Use The IRSs Update Portal Michigan has been paying an extra $300 a week in federal aid to jobless who qualify on top of maximum state benefits of $362. Rachael Kohl, an attorney with the Workers’ Rights Clinic, said many people receiving letters are back to work. “I’m just...
    New surveillance photos have been released of a wanted man who was caught on camera stealing hundreds of dollars worth of clothing from a Long Island Kohl’s location, police said. Suffolk County Police Seventh Precinct Crime Section detectives are attempting to track down a man who allegedly robbed Kohl’s on Montauk Highway in Shirley earlier this month. The man said that a suspect in an Air Jordan hat stole approximately $300 worth of Nike clothing from Kohl’s at approximately 3 p.m. on Tuesday, June 15 before fleeing on a yellow dirt bike that was operated by a second man. Anyone with information regarding the suspect has been asked to contact Suffolk County Crime Stoppers by calling 1-800-220-TIPS or submitting an anonymous tip online.
    SAN FRANCISCO (KGO) -- EDD reinstates work search requirement for unemployed to continue to receive benefitsThe Employment Development Department today announced that starting July 11, unemployed workers will once again be required to look for work in order to receive their benefits.The work search requirement was suspended in March 2020 as part of the response to the coronavirus pandemic. During that time, workers certifying for benefits were allowed to answer "No," that they had not been looking for work in that time period. But in July, most claimants will have to answer "Yes" in order to maintain their benefits.Different claim types, whether regular Unemployment Insurance or Pandemic Unemployment Assistance, will have different requirements for their work search requirement. The EDD says that their new Return to Work page will provide information on the different claims and their requirements.The EDD will be sending notices to workers about the change. Individuals applying for new claims after July 11 will be required to register with CalJOBS, the largest job board in California.Supreme Court upholds Obamacare in latest challengeThe U.S. Supreme Court has upheld...
    French President Emmanuel Macron was slapped by a bystander in the southeastern part of the country earlier this week, serving as a reminder that those with influential positions in the public eye are often at risk of attracting unwanted attention. WATCH: President Emmanuel Macron receives a slap in the face while greeting people during an official visit in France. Two men have been arrested.What do you make of that?#talkRADIO pic.twitter.com/yizmeM0h76— talkRADIO (@talkRADIO) June 8, 2021 Here are five other moments when a politician fell victim to an unconventional attack while out greeting members of the public: Brexit Party Leader Nigel Farage The milkshake incident involving the United Kingdom's Brexit leader Nigel Farage is by far one of the most bizarre protest attacks on any politician — if not for the sheer absurdity of seeing a milkshake lobbed at a person. The attack occurred on May 20, 2019, and was described in a court to be "politically motivated." Paul Crowther was the man behind the incident and later justified his tossed milkshake, saying, "The bile and the racism he [Farage] spouts...
    Kohl Stewart was a higher rated college football quarterback prospect than Mitchell Trubisky. Had he decided not to sign with the Minnesota Twins out of high school, Kohl Stewart might have had a better college football career, or NFL career for that matter, over Mitchell Trubisky. Stewart now pitches for the Chicago Cubs in the same city where Trubisky used to make Chicago Bears fans miserable. Now backing up Josh Allen on the Buffalo Bills, starts will be especially hard to come by for the former No. 2 overall pick in the 2017 NFL Draft. While Trubisky started for one year at North Carolina, Stewart could have been the guy to replace Johnny Manziel at Texas A&M. If you want proof, just look at how they stack up in the 247Sports Composite Rating for 2013. Be warned that some of these names will make you cringe worse than Trubisky missing a wide-open receiver by 10 yards. Today’s #Cubs starting pitcher Kohl Stewart was ranked higher as a high school QB than a certain ex-Bear in the Class of 2013 pic.twitter.com/roP5iv6Prv...
    More On: kohls My Pillow reportedly dropped by big retailers over Mike Lindell’s Trump visit Man accused of killing estranged wife inside Kohl’s store Kohl’s axes 15 percent of corporate jobs amid COVID-19 pandemic Kohl’s to require customers to wear masks at stores nationwide Kohl’s raised its financial outlook for the year on Thursday, after a solid rebound in the first quarter from the devastating impact of the pandemic. But those raised expectations fell short of what many industry analysts had been projecting and shares plunged nearly 11 percent Thursday. During a conference call, Kohl’s explained that it it took into account logjams at ports and inflationary pressures in wages that could increase costs in the second half of the year. Kohl’s is trying to manage supply chain issues by adding more drivers and increasing frequency of store deliveries. More shoppers came back to shop in stores as COVID-19 vaccinations became more common and Kohl’s bounced back to a profit after the chain, based in Menomonee Fall, Wisconsin, lost money last year when it was forced close its doors...
    In this article KSS SPCE HRL BJ Virgin GalacticCheck out the companies making headlines in midday trading. Kohl's — Kohl's stock fell more than 10% on Thursday after it said supply chain issues may drag on its profit margins. Like others, Kohl's experienced supply chain hurdles starting in 2020 when factories in Asia shut down to help slow the spread of Covid-19. Now, the company says increases to its number of truck drivers could be a cost headwind to earnings for the rest of this year. BJ's Wholesale — The warehouse retailer stock dropped nearly 4% after the company said the rest of 2021 remains difficult to forecast due to the pandemic impact. BJ's Wholesale reported adjusted quarterly earnings of 72 cents per share, 15 cents above estimates, according to Refinitiv. Its revenue also beat estimates, but BJ's saw comparable store sales ex-fuel fall by 5%. Hormel Foods — Hormel shares jumped about 8% after posting better-than-expected first-quarter earning results. The food producer reported quarterly earnings of 42 cents per share, beating expectations by a penny per share, and revenue that...
    VIDEO0:5800:58U.S. stock futures indicate lower open after three days of lossesMorning Report Take a look at some of the biggest movers in the premarket: Virgin Galactic (SPCE) – Virgin Galactic shares surged 14.1% in the premarket after the space travel company said the next test flight of its SpaceShipTwo Unity will occur on May 22. Virgin Galactic said a maintenance review on VMS Eve – the mothership which will carry SpaceShipTwo Unity to altitude – had been completed. Hormel Foods (HRL) – Hormel reported quarterly earnings of 42 cents per share, a penny a share above estimates. The food producer's revenue also came in above analysts' projections. The company behind brands like Spam, Dinty Moore and Jennie-O said demand in its various channels remains elevated compared to pre-pandemic levels. BJ's Wholesale (BJ) – The warehouse retailer reported quarterly earnings of 72 cents per share, 15 cents a share above estimates. Revenue beat estimates as well. The retailer's comparable-store sales ex-fuel fell by 5%, but that was smaller than the 8.3% drop predicted by analysts who were surveyed by FactSet. BJ's...
    In this article KSSVehicles sit parked in front of a Kohl's department store in Ashland, Ky.Luke Sharrett | Bloomberg | Getty ImagesKohl's on Thursday reported first-quarter earnings and sales that topped analysts' estimates, and raised its outlook for the full year. Chief Executive Michelle Gass said momentum built throughout the quarter, especially in Kohl's stores, where the retailer has been investing in new brands and refreshing displays in activewear, women's apparel and beauty. Its stock fell nearly 3% in premarket trading. Here's how the company did for the quarter ended May 1, compared with what analysts were anticipating, based on a Refinitiv survey: Earnings per share: $1.05 adjusted vs. 4 cents expected Revenue: $3.89 billion vs. $3.48 billion expected Kohl's net income climbed to $14 million, or 9 cents per share, from a loss of $541 million, or $3.52 per share, a year earlier. Excluding one-time adjustments, the company earned $1.05 per share, outpacing expectations for 4 cents, based on a Refinitiv survey. Revenue soared nearly 70% to $3.89 billion from $2.43 billion a year earlier. That beat...
    New York (CNN Business)More people are refreshing their wardrobes at department stores again as they head back into restaurants and offices. That's great news for stores like Macy's, Nordstrom and Kohl's— but the comeback is probably fleeting.Top department store chains say they are benefiting from built-up demand among consumers after a year in which many shoppers stayed away from stores and limited their clothing purchases. Department stores' recoveries have also been aided by government stimulus payments.Sales at department stores jumped 202% in April from the same time last year, according to the latest data from Mastercard's SpendingPulse, which tracks spending through credit card, debit and other payment methods at retailers. "We're very excited about what we're seeing right now with the consumer and what's going on in the macro environment," Macy's (M) CEO Jeffrey Gennette said at an investor conference last month. "We're definitely seeing benefits from the stimulus package."In a sign of Wall Street's current enthusiasm for department stores, Macy's (M) stock has rallied 53% this year, Kohl's (KSS) has gained 45%, and Nordstrom (JWN) has increased 21% this...
    NEW YORK (AP) — Kohl’s Corp. says it’s adding three independent members to its board of directors as part of an agreement it struck with a key activist investor group that has been fighting to exert more control. The new independent directors nominated by the investor group are Margaret Jenkins, a former marketing executive at restaurant chain Denny’s, and Thomas Kingsbury, former CEO of Burlington Stores, the company said Wednesday. They will join Kohl’s board as of the close of this year’s annual shareholders’ meeting, to be held in May. An additional independent director identified by Kohl’s, and agreed to by the investor group, will join the board at the same time: Christine Day, former CEO of Lululemon. The investor group, made up of Macellum Advisors, Ancora Holdings, Legion Partners Asset Management and 4010 Capital, accounts for 9.3% of the company’s shares. For several months, the group has been fighting with Kohl’s, pushing to nominate nine members to its board that it said could fix its problems. The group believes that Kohl’s hasn’t kept up with the fast-changing retail...
    In this article KSSCustomers leave a Kohl's store on November 12, 2015 in San Rafael, California.Justin Sullivan | Getty Images News | Getty ImagesKohl's said Wednesday it has come to an agreement with the group of activist investors who have been pushing to seize control of the retailer's board. This is breaking news. Please check back for updates.
    U.S. Air Force Tech. Sgt. Nathan Korta, medical technician with Joint Task Force Steelhead's mobile vaccination team, administers the COVID-19 vaccine to an Orcas Island resident, March 2, 2021, Orcas Island, Washington.Senior Airman Mckenzie Airhart | U.S. Air National Guard WASHINGTON — National Guard leaders on Thursday called for people in the U.S. keep adhering to Covid-19 mitigation measures as the military races to vaccinate the population. "We're excited to follow the [Centers for Disease Control and Prevention] science that tells us what the smart thing is to continue to protect the civilians around us," U.S. Air Force Col. Russell Kohl, commander of the 131st Medical Group for the Missouri National Guard, told CNBC when asked if there were concerns of more states relaxing guidance. "You'll still see us social distancing, you'll still see us in masks and you'll see us trying to encourage as many folks as possible to get the vaccine because I think it really is a multi-step process for us to get through this pandemic and get back to any sort of normalcy, to the extent that...
    KATY, Texas (AP) — Kolton Kohl scored 20 points, Airion Simmons added 16 off the bench and Abilene Christian walloped Lamar 93-71 on Friday in the semifinals of the Southland Tournament. The second-seeded Wildcats (22-4) advance to Saturday’s championship game to face No. 1 seed Nicholls State. The Wildcats shot 53% for the game, making 34 of 64 field goals, and out-rebounded Lamar 32-23. Abilene Christian piled up 22 assists, Reggie Miller leading with six. The Wildcats also scored 29 points off turnovers and dominated scoring in the paint 42-28. The Wildcats showcased phenomenal ball movement, multiple passes per possession opening up 3-point opportunities or drives to the hoop. All 14 Wildcats saw playing time, 11 scored and four reached double figures. Clay Gayman and Joe Pleasant added 11 points each. Anderson Kopp scored 23 points off the bench to lead sixth-seeded Lamar (10-18), with Kasen Harrison adding 18. ___ More AP college basketball: https://apnews.com/hub/college-basketball and https://twitter.com/AP_Top25 Copyright © 2021 The Associated Press. All rights reserved. This material may not be published, broadcast, written or redistributed.
    An Amazon.com Inc. sign hangs outside a Kohl's Corp. department store in Huntington Beach, California, U.S., on Saturday, May 11, 2019.Kyle Grillot | Bloomberg | Getty Images The group of activist investors looking to seize control of Kohl's board has reduced the number of directors that it plans to nominate, to five from nine. In a letter sent to the retailer's shareholders Thursday morning, the group — which has a combined 9.5% stake in Kohl's — said it originally nominated nine candidates "in hopes of working constructively with the board to choose from a large pool of candidates to construct a well-balanced board." But Kohl's was quick to reject the initial proposal late last month, arguing it would disrupt the momentum that the retailer has seen in its business. On Tuesday, Kohl's published a new presentation for investors, highlighting its recent progress and plans to boost sales and profitability, hinging on key initiatives in beauty and activewear. It further emphasized that the dozen members of its current board have deep retail experience, including four directors who are either current or...
    New York (CNN Business)As the pandemic drags on, big chains like Target and Nordstrom are looking for ways to keep consumers coming back to their stores.One go-to strategy is the store-within-a-store concept. It's a way for one retailer to join forces with another by setting up a pop-up shop within their stores. Industry analysts say the approach has benefits for both parties. For instance, department store Kohl's (KSS) is adding as many as 200 Sephora mini shops inside of its stores in 2021 as a way to expand its beauty and cosmetics category. For Sephora, the deal helps the retailer expand its market to Kohl's shoppers.Meanwhile, Target is opening mini Apple shops in a handful of its stores as it strives to become a one-stop shop to meet all of its consumers' needs."From Sephora co-locating in Kohl's to Apple in Target stores, these collaborations bring complementary customer traffic and added income, especially for the host retailer," said Burt Flickinger III, managing director of Strategic Resource Group. It's also a way to get shoppers to visit stores more frequently, he said.Read...
    A view outside a Kohl's store in Miramar, Florida.Johnny Louis | Getty ImagesCompany: Kohl's Corp (KSS) Kohl's operates as a retail company in the United States. Its stores and website offer apparel, footwear, accessories, beauty, and home products. The company provides its products primarily under the brand names of Apt. 9, Croft & Barrow, Jumping Beans, SO, and Sonoma Goods for Life, as well as Food Network, LC Lauren Conrad, and Simply Vera Vera Wang. As of February 1, 2021, it operated 1,160 department stores; a Website Kohls.com; and 12 FILA outlets. Kohl's Corporation was founded in 1962 and is headquartered in Menomonee Falls, Wisconsin. Stock Market Value: $8.7 billion ($55.59 per share) Zoom In IconArrows pointing outwardsActivist: Macellum CapitalPercentage Ownership: 9.48% Average Cost: $43.73 Activist Commentary: Macellum is not an activist investor but is willing to take activist measures when they believe change is necessary. They have significant experience with consumer retail companies, and that experience is evident in their detailed letter to the board. While Macellum prefers to work constructively with a company, it has had past success at The...
    Customers leave a Kohl's store on November 12, 2015 in San Rafael, California.Justin Sullivan | Getty Images News | Getty Images The group of activists looking to seize control of Kohl's board published a letter Friday morning saying the retailer's latest quarterly financial results were lackluster and further demonstrate the need for an overhauled strategy. "The board seems to be content performing just slightly better than the worst companies in retail," the group said in a letter sent to Kohl's shareholders. "'Best of the worst' is not a viable strategy, nor does it satisfy shareholders like us seeking long-term superior performance." "Kohl's is enormously well positioned with off-mall locations, which has significant advantages, but it also means Kohl's competes against thriving off-mall players like TJX Companies, Ross Stores, Target, Old Navy and Burlington," it added. The group of investors, which consists of Macellum Advisors, Ancora Holdings, Legion Partners Asset Management and 4010 Capital, together owns a 9.5% stake in Kohl's. In late February, Kohl's rejected their attempt to take control of its board, arguing it would disrupt the momentum it has...
    A view outside a Kohl's store in Miramar, Florida.Johnny Louis | Getty Images Kohl's said Tuesday that it isn't planning to sell any of its real estate to then lease back, despite a group of activists pressuring the company to take this route to come up with cash. The investors want Kohl's to pursue a sale-leaseback program, saying it could bring in more than $3 billion. The group consists of Macellum Advisors, Ancora Holdings, Legion Partners Asset Management and 4010 Capital and it owns a 9.5% stake in Kohl's. The activists have also proposed a slate of directors for Kohl's board, which has been rejected by the company. The retailer has said the group's suggestions would only disrupt the momentum that it has recently seen. On Tuesday, in an earnings presentation, the company said it has employed sale-leaseback transactions in the past, "when it was a clear efficient cost of capital," including in May of last year. Doing more sale-leaseback deals, though, would likely hurt Kohl's investment-grade status, and would increase rent expenses on its balance sheet, Kohl's said....
    Amazon.com Inc. parking signage stands outside a Kohl's Corp. department store in Huntington Beach, California, U.S., on Saturday, May 11, 2019.Kyle Grillot | Bloomberg | Getty Images Kohl's said it added at least 2 million new customers last year thanks to an unlikely friend that it has found in Amazon. "While details of the partnership are confidential, we will continue to see that this is accretive to both sales and profit," Chief Executive Officer Michelle Gass said during a conference call Tuesday morning. Kohl's began accepting Amazon returns at 10 of its stores in the spring of 2017. By the summer of 2019, the Amazon returns kiosks were rolled nationwide. The hope was the service would drive foot traffic and boost sales. According to Kohl's, a third of these new visitors were millennials. The company likely hopes it can make these new shoppers repeat visitors. Earlier Tuesday, Kohl's reported fourth-quarter earnings and sales that topped analysts' estimates. The company predicts stronger growth ahead. It also reinstated its dividend and said it plans to buy back shares. Meanwhile, Kohl's is...
    By ANNE D'INNOCENZIO, AP Retail Writer NEW YORK (AP) — Kohl's reported mixed results for its fiscal fourth quarter, delivering a 30% increase in profits but a 10% drop in sales. Results, announced Tuesday, handily beat Wall Street estimates. The Menomonee Falls, Wisconsin, company also issued a per-share range for the current year whose top range beat analysts' expectations. The earnings report comes out as Kohl’s is fighting back against an investor group’s efforts to take control of the department store chain’s board, arguing that it would derail its progress and momentum. The investor group had said it had nominated nine members for Kohl’s board of directors as it looks to boost the company’s stock and its financial performance. The group owns a 9.5% stake in Kohl’s. Late last year, the department store chain announced late last year that Sephora will be replacing all cosmetics areas at Kohl’s with 2,500 square foot shops, starting with 200 locations in the fall of year. It will expand to at least 850 stores by 2023. Kohl's said Tuesday it earned $343 million, or...
    NEW YORK (AP) — Kohl’s reported mixed results for its fiscal fourth quarter, delivering a 30% increase in profits but a 10% drop in sales. Results, announced Tuesday, handily beat Wall Street estimates. The Menomonee Falls, Wisconsin, company also issued a per-share range for the current year whose top range beat analysts’ expectations. The earnings report comes out as Kohl’s is fighting back against an investor group’s efforts to take control of the department store chain’s board, arguing that it would derail its progress and momentum. The investor group had said it had nominated nine members for Kohl’s board of directors as it looks to boost the company’s stock and its financial performance. The group owns a 9.5% stake in Kohl’s. Late last year, the department store chain announced late last year that Sephora will be replacing all cosmetics areas at Kohl’s with 2,500 square foot shops, starting with 200 locations in the fall of year. It will expand to at least 850 stores by 2023. Kohl’s said Tuesday it earned $343 million, or $2.20 per share, for...
    Customers leave a Kohl's store on November 12, 2015 in San Rafael, California.Justin Sullivan | Getty Images News | Getty Images Kohl's on Tuesday reported fourth-quarter earnings and sales that topped analysts' estimates, and pointed to stronger growth in 2021. Facing pressure from activist investors, the company said it will reinstate its dividend and buy back shares. With its sales strained by the pandemic, Kohl's has been working to drive more shoppers online, and add brands that sell fitness gear and makeup to lure new customers. "After an extraordinary year managing through the pandemic, we ended the year in a very solid financial position, and we enter 2021 with strong momentum," said CEO Michelle Gass said in a statement. Its shares jumped nearly 2% in premarket trading. Here's how the company did during the quarter ended Jan. 30 compared with what analysts were expecting, using a Refinitiv survey: Earnings per share: $2.22 adjusted vs. $1.01 expected Revenue: $5.88 billion vs. $5.86 billion expected Kohl's reported net income of $343 million, or $2.20 per share, compared with $265 million,...
    New York (CNN)Makeup sales have been walloped by the pandemic. But that's not stopping Sephora from adding more stores as it pushes ahead to attract shoppers outside of struggling malls.The company said Thursday that it is adding more than 60 freestanding stores this year, and 85% of them won't be in malls. The new stores comes on top of its previously announced 200 Sephora "mini shops" inside of Kohl's stores, the company said Thursday. Sephora, owned by LVMH (LVMHF), said the total count of roughly 260 new stores set to open this year marks its largest store expansion in the retailer's 21-year history in the US.McDonalds hoodies and Dunkin robes: Why fast food chains want to sell you clothingIts growth comes at a turbulent time for the beauty industry amid the pandemic, waning traffic to malls and a historically high rate of mall-based store vacancies of 10.5%.Mask wearing and the work-from-home routine has pummeled cosmetics sales as consumers embrace a casual, low-maintenance lifestyle. Makeup sales dropped 34% in 2020 compared to the previous year, according to market research firm NPD....
    Texas freeze raises concerns about ridiculous variable rate bills Facebook reverses its Australian news ban and restores news pages When Michelle Gass took over as Kohl's CEO in 2018, she tried getting creative to bring more shoppers into stores. © Dustin Chambers/Bloomberg/Getty Images A customer carries out a box while exiting from a Kohl's Corp. department store in Woodstock, Georgia, U.S., on Monday, Nov. 23, 2020. For the first time ever on Black Friday, more consumers intend to shop online than in stores, a switch driven by the coronavirus pandemic,, according to a survey by Deloitte. Photographer: Dustin Chambers/Bloomberg via Getty Images The company had just struck a deal with Amazon the previous year to allow customers to bring their returns to select Kohl's locations. The hope was that the deal would attract younger consumers who would then stick around and shop. Kohl's expanded the partnership to every store during Gass's tenure, and she said in November that it was "pleased" with the program. Load Error Kohl's has attempted several other new approaches to draw...
    By ANNE D'INNOCENZIO, AP Retail Writer NEW YORK (AP) — Kohl’s is fighting back against an investor group’s efforts to take control of the department store chain's board, arguing that it would derail its progress and momentum. The response, issued Monday, comes after the investor group said it had nominated nine members for Kohl's board of directors as it looks to boost the company's stock and its financial performance. The group owns a 9.5% stake in Kohl's. In a letter to shareholders made public on Monday, the investor group said Kohl's hasn't kept up with the fast-changing retail landscape and needs to cut its inventory, fix its store label assortment, cut expenses and improve its app and website among other things. The investor group is made up of Macellum Advisors, Ancora Holdings, Legion Partners Asset Management and 4010 Capital. Kohl’s faced challenges even before the pandemic forced the chain and its peers to close temporarily last spring. The retailer was wrestling with increasing competition from online players like Amazon and discounters like Target and Walmart, both of which have been...
    NEW YORK (AP) — Kohl’s is fighting back against an investor group’s efforts to take control of the department store chain’s board, arguing that it would derail its progress and momentum. The response, issued Monday, comes after the investor group said it had nominated nine members for Kohl’s board of directors as it looks to boost the company’s stock and its financial performance. The group owns a 9.5% stake in Kohl’s. In a letter to shareholders made public on Monday, the investor group said Kohl’s hasn’t kept up with the fast-changing retail landscape and needs to cut its inventory, fix its store label assortment, cut expenses and improve its app and website among other things. The investor group is made up of Macellum Advisors, Ancora Holdings, Legion Partners Asset Management and 4010 Capital. Kohl’s faced challenges even before the pandemic forced the chain and its peers to close temporarily last spring. The retailer was wrestling with increasing competition from online players like Amazon and discounters like Target and Walmart, both of which have been sprucing up their assortments. ...
    New York (CNN Business)When Michelle Gass took over as Kohl's CEO in 2018, she tried getting creative to bring more shoppers into stores. The company had just struck a deal with Amazon the previous year to allow customers to bring their returns to select Kohl's locations. The hope was that the deal would attract younger consumers who would then stick around and shop. Kohl's expanded the partnership to every store during Gass's tenure, and she said in November that it was "pleased" with the program. Kohl's has attempted several new other approaches to draw customers in recent years, including expanding its sportswear assortment and leasing out space at a handful of stores to Planet Fitness (PLNT) and Aldi. Stores live in fear of Amazon. The Kohls CEO embraced itSuch efforts haven't been enough to fend off activist investors, who now want to shake things up.An activist group, which includes Macellum Advisors, Ancora Holdings, Legion Partners Asset Management and 4010 Capital LLC, said Monday that it has taken a 9.5% stake in Kohl's and has nominated nine new members to...
    VIDEO3:2503:25Activist investors nominate nine new members to Kohl's boardSquawk on the Street Here are the companies making headlines in midday trading. Kohl's Corporation – The retailer's shares jumped more than 9% after a group of activist investors nominated nine directors for the company's board, while also pushing for other changes. Together the group holds a 9.5% stake in Kohl's. The proposed changes could lead to as much as $8 billion in savings, according to the group. The investors previously pushed for change at Bed Bath & Beyond. Royal Caribbean – The cruise stock jumped more than 10% after Royal Caribbean said that future bookings are coming in at similar volumes and with higher average prices than pre-pandemic results. The company also reported a smaller-than-expected loss for the fourth quarter, based on analyst estimates compiled by Refinitiv. Discovery – The media stock jumped more than 9% after the company said it expects to have 12 million subscribers for its new streaming service by the end of the month. Discovery's fourth-quarter earnings and revenue beat Wall Street expectations, according to FactSet. American...
    Customers leave a Kohl's store on November 12, 2015 in San Rafael, California.Justin Sullivan | Getty Images News | Getty Images Kohl's shares soared more than 9% in premarket trading Monday after a group of activist investors confirmed it has nominated nine directors to the company's board, looking to turn the business around and boost its stock. The group consisting of Macellum Advisors, Ancora Holdings, Legion Partners Asset Management and 4010 Capital owns a combined 9.5% stake. The investors want Kohl's to add directors with deep retail experience, cut executive compensation, slash inventory levels and consider selling some of its noncore real estate. The investors estimate the real estate assets could yield $7 billion to $8 billion. They are hoping to drive the stock price more than two-times higher than current levels, through a sale-leaseback program for $3 billion worth of real estate, and a major share repurchase program. A spokeswoman for Kohl's told CNBC in an emailed statement that the retailer's board and its management team have been engaged in talks with the investor group since early...
    Minnesota governor deploys Guard for Chauvin trial security How to make the most of watching the Super Bowl at home Biogen, Fortinet, Kohl’s, Pinterest, Snap and More Friday Afternoon Analyst Calls With the trading day about halfway over, the broad markets were trading sideways into the weekend. The S&P 500, Dow Jones industrial average and Nasdaq were each relatively flat on the day so far. 24/7 Wall St. is looking at some big analyst calls that we have seen so far on Friday. We have included the most recent analyst call on each stock, as well as a recent trading history and the general consensus among analysts. © Provided by 24/7 Wall St. For those that might have missed it, 24/7 Wall St. had an earlier round of analyst calls on Friday that included Canopy Growth, Peloton, Starbucks, Zillow and more. Load Error Arrowhead Pharmaceuticals Inc. (NASDAQ: ARWR) was reiterated as Buy and its price target was raised to $95 from $90 at H.C. Wainwright. Late in the week, shares rose above $86 for the first...
    By ANNE D'INNOCENZIO, AP Retail Writer NEW YORK (AP) — Kohl's Corp. delivered a better assessment of fiscal fourth-quarter earnings, but a key sales measure was down more than analysts expected. The department store chain, based in Wenomonee Falls, Wisconsin, said Thursday that preliminary earnings for the quarter ended Jan. 30 are in the range of $1.00 to $1.05 per share. Analysts expected 70 cents per share, according to FactSet. Sale at stores opened at least a year were down 11%. Analysts had expected a 7.9% drop. Online sales growth rose more than 20%, and accounted for more than 40% of net sales, Kohl's said. In a statement, Kohl's CEO Michelle Gass attributed the better-than-expected earnings results to its managing expenses tightly. She also noted that initiatives like its partnership with beauty chain Sephora will help boost sales. In December, Kohl's announced it would replace its cosmetic areas with Sephora, starting with 200 locations this fall. It will expand to at least 850 stores by 2023. Kohl's expected to report its final financial results on March 2. _______ Follow Anne...
    NEW YORK (AP) — Kohl’s Corp. delivered a better assessment of fiscal fourth-quarter earnings, but a key sales measure was down more than analysts expected. The department store chain, based in Wenomonee Falls, Wisconsin, said Thursday that preliminary earnings for the quarter ended Jan. 30 are in the range of $1.00 to $1.05 per share. Analysts expected 70 cents per share, according to FactSet. Sale at stores opened at least a year were down 11%. Analysts had expected a 7.9% drop. Online sales growth rose more than 20%, and accounted for more than 40% of net sales, Kohl’s said. In a statement, Kohl’s CEO Michelle Gass attributed the better-than-expected earnings results to its managing expenses tightly. She also noted that initiatives like its partnership with beauty chain Sephora will help boost sales. In December, Kohl’s announced it would replace its cosmetic areas with Sephora, starting with 200 locations this fall. It will expand to at least 850 stores by 2023. Kohl’s expected to report its final financial results on March 2. _______ Follow Anne D’Innocenzio: http://twitter.com/ADInnocenzio...
    A view outside a Kohl's store in Miramar, Florida.Johnny Louis | Getty Images Kohl's on Thursday released preliminary fourth-quarter results, anticipating sales to be down about 10% year over year, and same-store sales dropping 11%. Its shares were up about 1% in premarket trading. Chief Executive Michelle Gass said digital sales represented more than 40% of net sales during the period, growing more than 20% year over year. "Our fourth-quarter performance exceeded our expectations across all key metrics with sales strengthening as we moved through the period," she said in a statement. "Our focus on gross margin showed further traction and we managed expenses tightly, which together strengthened our financial position." The department store chain said it expects fourth-quarter earnings per share to be in the range of $1.00 to $1.05, before considering any impact from tax planning strategies. Kohl's is set to report fourth-quarter results on March 2. Find the full press release from Kohl's here. This story is developing. Please check back for updates.Related Tags Earnings Apparel Retail Breaking News: Business Kohl's Corp Retail industry