Latest news with #JillTimm
Wall Street Journal
29-05-2025
- Business
- Wall Street Journal
Retailers Cheer Trade-Court Surprise, But Stick to Their Plans
Some retail executives are celebrating the surprise trade-court ruling that could halt President Trump's tariffs—but they aren't changing their plans. Kohl's Finance Chief Jill Timm said a pause on tariffs would be good news for the retailer's price-sensitive, middle-income customers.
Yahoo
14-05-2025
- Business
- Yahoo
Kohl's Corporation Declares Quarterly Dividend
MENOMONEE FALLS, Wis., May 14, 2025--(BUSINESS WIRE)--The Board of Directors of Kohl's Corporation (NYSE:KSS) ("Kohl's" or the "Company") today declared a regular quarterly dividend of $0.125 per share on the Company's common stock. The dividend is payable June 25, 2025, to shareholders of record at the close of business on June 11, 2025. About Kohl's Kohl's (NYSE: KSS) is a leading omnichannel retailer built on a foundation that combines great brands, incredible value and convenience for our customers. Kohl's is uniquely positioned to deliver against its long-term strategy and its purpose to take care of families' realest moments. Kohl's serves millions of families in its more than 1,100 stores in 49 states, online at and through the Kohl's App. With a large national footprint, Kohl's is committed to making a positive impact in the communities it serves. For a list of store locations or to shop online, visit For more information about Kohl's impact in the community or how to join our winning team, visit View source version on Contacts Investor Relations:Jill Timm, (262) 703-2203, Media:Jen Johnson, (262) 703-5241, Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Miami Herald
06-04-2025
- Business
- Miami Herald
National department store chain closed dozens of stores for good
Many retailers have become very selective when it comes to what stores the chain keeps open. It seems like even successful chains occasionally shut down a location when a lease expires or even before if business gets bad enough. Sometimes, that's just a question of shifting populations. People may have moved, or their work may no longer require them to be in the office every day. Related: Pepsi quietly discontinued a fan-favorite soda flavor That can mean that fewer people drive by a specific location of a store, making it less necessary or even not necessary. Those types of closures, however, are simply part of doing business. When you get big enough as a chain, even when you are doing well overall, there will be outliers that don't perform and need to be closed. Those are more a culling of the weak, than an overall sign of the health of the company. Struggling companies, however, have to make more difficult decisions. Chains like Macy's have not only closed money-losing stores, but breakeven locations. That's an effort to conserve money and focus on the greatest areas of opportunities. Don't miss the move: Subscribe to TheStreet's free daily newsletter Another national chain department store that has faced its own set of difficulties has been framing its store closures as a positive move. In theory, that could be the case, as sometimes you simply have to amputate rotten limbs in order for the entire tree to survive. It's easier for a chain to shut down select locations while the broader company remains open than it is to liquidate an entire company. That's because, well, there might be going-out-of-business sales. The parent company. That's because, while there might be going-out-of-business sales, the parent company, and the transfer of certain inventory to locations that will not be closing. Kohl's shared in January that it planned to shut down 27 retail stores and one fulfillment center. At the time, the company was careful to frame the move as a positive, noting in the press release that it operated more than 1,150 locations. "While Kohl's continues to believe in the health and strength of its profitable store base, these specific locations were underperforming stores," it shared. More on retail and bankruptcy: Walmart store closing, auctioning off laptops and flat screen TVsHome Depot CEO sounds the alarm on a growing problemFamous restaurant files for Chapter 11 bankruptcy Chief Financial Officer Jill Timm downplayed the closures during Kohl's fourth-quarter earnings call. "I look at these 27 stores as hygiene, and that's something we should be doing all the time. We look at it annually. We look at the stores that are underperforming, and we're closing those regardless. There's no limitations on which we could close and what makes the most sense," she shared. Timm also made it clear that more stores may be closed going forward. "I think as we come up in the next several years, we have a lot of leases coming due which then affords you an opportunity to relook at, should we be relocating that store, downsizing that store, closing that store," she added. Kohl's has also been testing a new, smaller store format that may make sense in some markets. "We have a very productive prototype, particularly our main 80,000-plus prototype that's very productive and very profitable' said CEO Ashley Buchanan. Related: Struggling mall chain closes stores, prepares for tariffs She also thinks that the chain had some improvements to make at existing locations. "If you look at inside the box, right, how we allocate space among categories and products and adjacencies, I think we've lost a little bit of discipline on that part, and there's a lot of opportunity. I mean, just a simple thing we've done just recently before I got here is realigning casual pants next to the dress pants, and you saw an increase, right? It's just the traditional way the customer shops and the adjacency piece," she said. The Arena Media Brands, LLC THESTREET is a registered trademark of TheStreet, Inc.
Axios
26-03-2025
- Business
- Axios
Kohl's closing underperforming stores this Saturday. See the list.
Saturday is the final day for two dozen closing Kohl's stores located in 15 states, according to store webpages. The big picture: The Menomonee Falls, Wisconsin-based retailer operates about 1,150 stores nationwide and the closures account for less than 3% of its locations. Jill Timm, Kohl's chief financial officer, said during a recent earnings call that the company's portfolio of stores is "incredibly healthy" and "didn't have a lot of stores that were underperforming." Zoom in: Approximately 15,000 store closures are expected this year, more than double the 7,325 stores that closed in 2024, according to Coresight Research. Forever 21, JCPenney, Joann, Dollar General, CVS and Walgreens are also shuttering stores this year. Kohl's closing stores list 2025 Between the lines: Kohl's said in its January announcement that the 27 stores were expected to close by April 2025. Store webpages for 24 of the stores list a closing date of March 29. Axios found three stores on the list previously closed, which are noted below. Alabama Kohl's closing store Spanish Fort: 21000 Town Center Ave. Arkansas Kohl's store closure Little Rock West: 13909 Chenal Parkway California Kohl's stores closing Balboa (San Diego): 5505 Balboa Ave. Encinitas: 134 N El Camino Real Fremont: 43782 Christy St. Mountain View: 350 Showers Drive (already closed) Napa: 1116 1st St. Pleasanton: 4525 Rosewood Drive Point West (Sacramento): 1896 Arden Way San Rafael: 5010 Northgate Drive San Luis Obispo: 205 Madonna Road Westchester: 8739 S Sepulveda Blvd. Colorado Kohl's closing store Arapahoe Crossing (Aurora): 6584 S Parker Road Georgia Kohl's store closure Duluth: 2050 W Liddell Road Idaho closing Kohl's store Boise: 400 N Milwaukee St. Illinois Kohl's closing stores Plainfield: 11860 S Route 59 Spring Hill (West Dundee): 3000 Spring Hill Ring Road Massachusetts Kohl's closure Stoughton: 501 Technology Center Drive (already closed) New Jersey Kohl's closing store East Windsor: 72 Princeton Hightstown Road Ohio Kohl's closing stores Blue Ash: 4150 Hunt Road Forest Park (Cincinnati): 100 Cincinnati Mills Drive Oregon Kohl's store closure Portland Gateway: 10010 NE Halsey St. Pennsylvania Kohl's closing store Pottstown: 351 W Schuylkill Road Texas Kohl's store closing North Dallas: 18224 Preston Road Utah Kohl's closure Riverton: 13319 S 3600 W Virginia Kohl's closing stores Herndon: 2100 Centreville Road (already closed) Williamsburg: 100 Gristmill Plaza Kohl's store hours for closing stores The latest: The 24 closing stores that were still open as of Wednesday, March 26, were operating with reduced hours.
Axios
14-03-2025
- Business
- Axios
Store closing sales enter final days for Big Lots, Party City and more
Liquidation and going-out-of-business sales are entering the final days and weeks for closing Big Lots, Party City, Kohl's and Macy's stores. Why it matters: Approximately 15,000 store closures are expected this year, more than double the 7,325 stores that closed in 2024, according to Coresight Research. JCPenney, Joann, Dollar General, CVS and Walgreens are also shuttering stores this year. State of play: If you want to shop at a closing store sale, try calling to confirm your closest location is still open. Some stores closed earlier in the liquidation sale. Big Lots stores closing, some reopening Big Lots posted on its Facebook page Friday that its stores were going into their "final weekend" and "slashing prices until it's gone!" Its Facebook page notes it's the "last 3 days or less" as "stores close when it's all gone." Zoom in: The Columbus, Ohio-based company had about 27,700 employees and more than 1,300 stores in 48 states when it filed for Chapter 11 bankruptcy protection in September. On March 14, the Big Lots store locator listed 366 stores. What's next: While all Big Lots stores are closing, about 200 locations will soon reopen under new ownership. Variety Wholesalers plans to reopen the first wave of stores in April, Fast Company reports. Party City closing all stores Party City's liquidation is in its "final 2 weeks" with discounts up to 80% off. The New Jersey-based party supplies company announced in December it was closing all of its nearly 800 stores after nearly 40 years in business. The retailer's store locator was still online Friday. Macy's closing stores 2025 The big picture: Macy's is closing 66 stores as part of its "A Bold New Chapter" plan and started liquidation sales in January. The struggling department store chain said in February 2024 that it planned to shutter 150 stores by the end of 2026 — about a third of its locations — and would invest in its "350 go-forward Macy's locations." See the Macy's store closing list here. Between the lines: Macy's confirmed to Axios in January that clearance sales would run for approximately 8–12 weeks for full-line and small-format stores. For most closing furniture galleries and free-standing Backstage stores, clearance sales began in February and were expected to run for approximately six weeks. Macy's lists the closing stores on its store locator. Kohl's closing stores 2025 list Kohl's said in January it will close 27 underperforming stores by April 2025. The Menomonee Falls, Wisconsin-based retailer operates about 1,150 stores nationwide; the closures account for less than 3% of its locations. See the Kohl's store closure list here. Yes, but: Jill Timm, Kohl's chief financial officer, said during an earnings call Tuesday that the company's fleet is "incredibly healthy" and "didn't have a lot of stores that were underperforming." Joann fabric stores closing Bankrupt arts and crafts retailer Joann announced in February that it would close all of its stores after originally planning to close 500 of its about 800 stores. The liquidation sale is only in-stores and Joann is warning consumers to "beware of fraudulent websites." Discounts are up to 50%, Joann said on its Facebook page on March 11. Reality check: Joann stopped accepting gift cards on Feb. 28, a common practice after a retailer files for bankruptcy. Dollar General closing 96 stores Zoom out: Dollar General said in a news release Thursday that it plans "to close 96 Dollar General stores and 45 pOpshelf stores and convert an additional six pOpshelf stores to Dollar General stores" in the first quarter of the fiscal year ending Jan. 30, 2026. During fiscal 2024, the company said it opened 725 new stores, remodeled 1,621 stores and relocated 85 stores. More from Axios: In photos: Blood Moon total lunar eclipse lights up sky Trump claims credit for falling egg prices but no relief for shoppers yet Government suspends free COVID test distribution program
