Latest news with #Kohls
Yahoo
a day ago
- Business
- Yahoo
5 stories on Boise's changing scene: Kohl's, Wells Fargo closures reflect shifts
Stories by Idaho Statesman journalists, with AI summarization Boise is experiencing a wave of store shutdowns that signal changing consumer habits and economic pressures. Kohl's closed its Boise Towne Square store as part of a nationwide effort to shutter underperforming stores, following similar closures by retailers like Sears and Forever 21. Wells Fargo is also scaling back, closing multiple local branches and laying off workers as more people shift to digital banking. Rite Aid plans to close additional area stores amid bankruptcy, while some of its remaining locations could be acquired by CVS. These closures, along with the abrupt end of Boise Medical Clinic, reflect some of the challenges facing both national chains and local businesses in the city. The company hopes the closures will ensure it stays in business for years to come. | Published January 10, 2025 | Read Full Story by Angela Palermo Signs at the store say everything is 10-40% off. | Published February 21, 2025 | Read Full Story by Angela Palermo 'As we optimize our branch network, we are focused on evolving our branch presence,' a bank spokesperson says. | Published March 12, 2025 | Read Full Story by David Staats The medical clinic said it offered the latest 'breakthrough' treatment for erectile dysfunction. | Published May 28, 2025 | Read Full Story by Angela Palermo See where the stores are located. | Published May 27, 2025 | Read Full Story by Angela Palermo The summary above was drafted with the help of AI tools and edited by journalists in our News division. All stories listed were reported, written and edited by McClatchy journalists.
Wall Street Journal
3 days ago
- 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.
Bloomberg
3 days ago
- Business
- Bloomberg
Kohl's Beats Expectations in Wake of Dramatic CEO Firing
By Updated on Save Kohl's Corp. reported better-than-expected comparable sales, signaling that the retailer's turnaround plan may be beginning to take hold. Comparable sales fell 3.9% in the three months ended May 3, slightly better than what analysts were expecting. The company said earlier this month it expected comparable sales to fall 4% to 4.3%. The company reported revenue of $3 billion for the quarter, roughly in line with analysts' expectations.
Yahoo
3 days ago
- Business
- Yahoo
Kohl's sticks to annual targets after smaller-than-expected quarterly loss
(Reuters) -Kohl's retained its annual forecasts after reporting better-than-expected results for the first quarter on Thursday, as the U.S. department store chain bets on its turnaround efforts against the background of tariff-induced choppy demand. The company's shares were up 6% in premarket trading. The stock has fallen about 43% so far this year. Kohl's, like peer Macy's, is looking to trim underperforming stores in its portfolio and focus on investing in outlets in prime locations to fend off the impact of intense competition from off-price and online retailers. The company has also benefited from expanding its partnership with Sephora as demand for beauty and skincare products remains resilient. Kohl's will have a Sephora at more than 1,100 U.S. stores by the end of the year, it said in March. The company maintained its annual sales target of a 5% to 7% fall, and earnings per share expectation of 10 cents to 60 cents. Analysts had expected Kohl's to cut or withdraw its forecasts as well at a time when tariffs have forced several companies in the retail space to sound warnings on consumer demand this year, and lower their financial targets. The company, which fired its CEO earlier this month for a personal relationship with a vendor, reported a loss per share of 13 cents for the first quarter, compared with its preliminary expectations of a loss between 20 cents and 24 cents. Analysts had expected a loss of 26 cents, according to data compiled by LSEG. Kohl's also reported a 3.9% fall in quarterly comparable sales, compared with its preliminary expectation of a 4% to 4.3% decline shared earlier this month.
Yahoo
3 days ago
- Business
- Yahoo
Kohl's: Fiscal Q1 Earnings Snapshot
MENOMONEE FALLS, Wis. (AP) — MENOMONEE FALLS, Wis. (AP) — Kohl's Corp. (KSS) on Thursday reported a loss of $15 million in its fiscal first quarter. The Menomonee Falls, Wisconsin-based company said it had a loss of 13 cents per share. The results surpassed Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for a loss of 22 cents per share. The department store operator posted revenue of $3.23 billion in the period, also beating Street forecasts. Three analysts surveyed by Zacks expected $3.2 billion. Kohl's expects full-year earnings to be 10 cents to 60 cents per share. _____ This story was generated by Automated Insights ( using data from Zacks Investment Research. Access a Zacks stock report on KSS at
