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The Latest Breaking News from Kohl

Morning Brief: Top Financial Stories Dominating on Tuesday, June 7

Reuters

Benzinga

Kohl's Stock Surges On Exclusive Sale Talks With Franchise Group

"The purpose of the exclusive period is to allow FRG and its financing partners to finalize due diligence and financing arrangements," Kohl's said.

The Street

Stock Futures Lower, Kohl's, Twitter, Bitcoin and Boris in Focus - Five Things You Must Know

Stock futures edge lower as Treasury yield rise; Kohl's shares surge amid exclusive takeover talks; Twitter shares extend slide as Texas AG probes 'fake account' data; Bitcoin tumbles back below $30,000 as rate moves clip demand and Boris Johnson damaged after narrowing winning no-confidence vote.

The Street

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Why Kohl's Shares Are Surging Today

Kohl's Corp (NYSE:KSS) Board of Directors has entered into exclusive negotiations with Franchise Group Inc (NASDAQ:FRG) over the potential sale. Franchise's bid of $60 per share constitutes a 42.5% premium to Kohl's closing price of $42.12 on June 6. Related: Sycamore, Franchise Group Submit Bids for Kohl's: WSJ The discussion will go on for three weeks to…

Benzinga

Soaring inflation divides spending for haves and have-nots

Americans at the low end of the income rung are once again struggling to make ends meet

The Independent UK

Sycamore, Franchise Group Submit Bids for Kohl's: WSJ

Kohl’s Corp (NYSE:KSS) has received takeover bids form from private-equity firm Sycamore Partners and retail holding company Franchise Group, Inc (NASDAQ:FRG), the Wall Street Journal reported. Sycamore proposed $50 a share, and Franchise Group offered $60 per share, the report noted, valuing the company between $7 billion - $8 billion. The bidders had previously said…

Benzinga

What's Going On With Kohl's Shares Today

Bidders seeking to acquire Kohl's Corp (NYSE:KSS) are likely to make offers lower than their initial ones to reflect the market downturn, Reuters reported. The potential purchasers, including private equity firm Sycamore Partners, brand holding firm Franchise Group, J.C. Penney investors Simon Property Group, Inc. (NYSE:SPG), and Brookfield Asset Management Inc (NYSE:BAM), intend to lower their offers…

Benzinga

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Consumers defy inflation to support economy. For how long?

With prices across the economy soaring at their fastest pace in decades, you might think Americans would tap the brakes on spending

The Independent UK

Cowen & Co. Maintains Outperform Rating for Kohl's: Here's What You Need To Know

Cowen & Co. has decided to maintain its Outperform rating of Kohl's (NYSE:KSS) and lower its price target from $75.00 to $60.00. Shares of Kohl's are trading down 12.23% over the last 24 hours, at $39.53 per share.

Benzinga

Buying The Dip In Walmart & Target? Why These 3 Retail Stocks Are Better Options

The poor earnings reports from Walmart Inc (NYSE: WMT) and Target Corporation (NYSE: TGT) were shocking, Ryan Craver, founder of Commerce Canal, told Benzinga’s

Benzinga

Stock Market Rally Under Pressure As Walmart, Target Crash On Inflation Woes: Weekly Review

A newly confirmed stock market rally immediately came under heavy pressure as Walmart and Target warnings slammed the major indexes.

Investors Business Daily

3 Cheap Mid-Cap Stocks That Yield More Than 4%

As the inflationary environment and recession concerns could keep the overall stock market under pressure, it could be wise to bet on quality mid-cap stocks New Residential Investment (NRZ), International Game Technology (IGT), and Kohl's Corporation (KSS). These stocks yield more than 4% and are currently trading at discounts to…

StockNews.com

Nasdaq Briefly Reverses Higher While Dow Jones Falls; These Retail Stocks Make A Comeback

The Nasdaq briefly traded slightly higher after Wednesday's major sell-off driven by retail. A few retailers managed to recover from prior losses.

Investors Business Daily

Stock Market Trades Mixed As More Retail Earnings Reports Arrive; Cisco Plunges On Guidance

The stock market traded mixed Thursday morning as BJ's and Kohl's reported mixed earnings. Cisco stock plunged on earnings.

Investors Business Daily

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Benzinga

Benzinga's Daily Brief On Trending Tickers For May 19, 2022: Cisco, Kohl's And More

Benzinga’s “Daily Brief On Trending Tickers” highlights top-searched tickers from around the web and uses the Benzinga Pro platform to highlight recent news items possibly impacting those stocks.

Benzinga

Why Kohl's Stock Is Sliding Today

Kohl's Corp (NYSE: KSS) shares are trading lower Thursday after the company reported earnings results that were down year-over-year and cut its full-year earnings guidance.

Investors Business Daily

Dow Jones Sells Off After Stock Market Dive; Cisco Plunges 14% On Earnings

The Dow Jones Industrial Average sold off Thursday, as Cisco Systems stock plunged 12% on weak earnings results.

Benzinga

Multiple Bidders, Key Executives Departure, Mixed Q1 Earnings - Lots Going On With Kohl's

Kohl's Corp (NYSE:KSS) reported a first-quarter FY22 sales decline of 4.4% year-on-year to $3.71 billion, beating the consensus of $3.68 billion. Gross margin for the quarter contracted by 69 basis points to 38.3%. The operating margin was 2.2%, and operating income for the quarter declined 70% Y/Y to $82 million. Selling, general and…

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Benzinga

Kohl's: Q1 Earnings Insights

Kohl's (NYSE:KSS) reported its Q1 earnings results on Thursday, May 19, 2022 at 07:00 AM. Here's what investors need to know about the announcement.

Benzinga

A Preview Of Kohl's's Earnings

Kohl's (NYSE:KSS) is set to give its latest quarterly earnings report on Thursday, 2022-05-19. Here's what investors need to know before the announcement. Analysts estimate that Kohl's will report an earnings per share (EPS) of $0.70.

Benzinga

Why Kohl's Shares Are Falling Today

Kohl's Corp (NYSE: KSS) shares are trading lower Wednesday alongside several other retailers after Target Corp (NYSE: TGT) announced worse-than-expected earnings results.

Benzinga

What 4 Analyst Ratings Have To Say About Kohl's

Analysts have provided the following ratings for Kohl's (NYSE:KSS) within the last quarter:

Investors Business Daily

Retail Stocks: Dillard's Stock Rallies On Blowout Earnings Ahead Of Big Week For Sector

Dillard's rallied Thursday within a base on blowout earnings. Several other retail stocks are reporting soon.

Benzinga

What's Going On With Kohl's Shares Today

Kohl's Corp (NYSE:KSS) shareholders have voted to re-elect all thirteen of the company's director nominees at the 2022 Annual Meeting of Shareholders. "We would like to thank our shareholders for their support throughout this proxy contest," said Peter Boneparth, Chairman of the Board. The preliminary result means that shareholders have voted down Macellum Advisors' director…

The Street

Can Buying Kohl's Help J.C. Penney Make a Comeback?

Will two struggling department store chains potentially add up to one successful business?

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