|Bid||49.00 x 900|
|Ask||49.00 x 800|
|Day's Range||48.81 - 50.23|
|52 Week Range||43.33 - 83.28|
|Beta (3Y Monthly)||1.12|
|PE Ratio (TTM)||10.82|
|Earnings Date||Nov 19, 2019|
|Forward Dividend & Yield||2.68 (5.49%)|
|1y Target Est||55.71|
Keurig (KDP) opens production and supply-chain facility in Allentown, PA, which should add 400 jobs. Further, it expands the coffee-maker line, with the launch of the K-Duo portfolio.
Kohl’s (KSS) today announced a donation of $1.5 million over three years to the Milwaukee Art Museum. The financial support allows the Museum to continue the family-friendly Kohl’s Art Generation program, an interactive art experience in the community that encourages youth and family engagement in art. “Kohl’s is happy to continue partnering with the Milwaukee Art Museum to create great experiences for families,” said Jen Johnson, Kohl’s senior vice president of corporate communications.
This holiday season, Kohl’s (KSS) is giving customers more ways to give back with books, plush and games featuring family-favorite Peanuts characters. Each item in the collection gives families fun ways to connect with each other and their favorite characters, with 100 percent of Kohl’s net profit benefiting organizations that improve the health and wellness of children and families nationwide. Priced at just $5 each, the Kohl’s Cares Peanuts collection is available now for a limited time while supplies last at all Kohl’s stores nationwide and on Kohls.com.
Kohl’s (KSS) today announced that Sona Chawla will step down from her role as president at Kohl’s in mid-October to pursue new opportunities. “I want to thank Sona for her partnership and leadership in helping to drive our business forward and setting us up for the future,” said Michelle Gass, Kohl’s chief executive officer. “Amongst many contributions, Sona has been instrumental in our progress as a leading omnichannel retailer, driving innovation and growth across our digital business and stores, as well as providing leadership to our logistics strategy and long-term technology roadmap.
Some investors rely on dividends for growing their wealth, and if you're one of those dividend sleuths, you might be...
The goals support and accelerate the company’s commitment to seeking solutions that focus on long-term sustainability. “At Kohl's we are committed to being a responsible corporate citizen, making our communities stronger by supporting initiatives and organizations that focus on health and wellness, sustainability, and environmental efforts that benefit all families,” said Michelle Gass, Kohl’s chief executive officer. Kohl’s sustainability initiatives are part of the company’s corporate social responsibility platform.
(Bloomberg Opinion) -- Americans better make the most of their Labor Day discount shopping. It could be the last they see for a long time.A 15% tariff that went into effect Sept. 1 on about $112 billion of goods imported from China will start pushing up prices of clothing, shoes and other consumer goods arriving at U.S. ports this week.That should start taking a serious toll on shopping in the U.S. While 82% of intermediate inputs are already affected by tariffs, just 29% of consumer goods have had levies to date. That figure will now rise to 69%, and 99% when a final tranche is imposed on Dec. 15, according to the Peterson Institute for International Economics.The Trump administration – or at least its trade representative, Robert Lighthizer – has recognized the risk of bringing the trade war to consumers’ pockets. The current total-war scenario, with tariffs imposed on almost the entirety of imports from China, was first threatened more than a year ago, but Lighthizer has worked hard to excise the sorts of goods purchased by price-sensitive shoppers from his product lists.The latest escalation means that sort of strategic precision is no longer possible. Around the country, apparel retailers have already worked out where best to jack up prices, while toy shops and sporting-goods stores will be doing the same ahead of the post-Thanksgiving tranche.One unexpected ally for the Trump administration is the retail industry itself. This is a business that invented the term “sticker shock,” after all, so trying to hide the costs of Trump’s policies from consumers isn’t exactly unfamiliar terrain.“The teams are working on a targeted pricing strategy in certain categories,” Gap Inc. Chief Financial Officer Teri List-Stoll told an investor call last month.“We have lots of tools in place to monitor elasticity and what the competitive environment is,” Kohl’s Corp. Chief Executive Officer Michelle Gass told analysts Aug. 21. “So we'll make very sound and surgical decisions.”There’s already a model for how this is likely to play out. One of the first rounds of tariffs imposed by the Trump administration applied a 25% levy on washing machines, but an April study by economists at the Federal Reserve and University of Chicago found that retailers instead decided to spread the pain around.Prices for washing machines jumped about 12% more than those of comparable goods after the levies were imposed – which might have suggested that stores and suppliers were taking some of the pain rather than passing the full 25% cost onto consumers. There was a telling exception, though: The price of dryers rose by about the same magnitude, despite the fact that they weren’t affected by the tariffs. In other words, retailers were splitting the extra cost between two similar products in an attempt to minimize the apparent rise in prices.As a result, shoppers are unlikely to see markup racks with “Prices raised on account of trade war” tags on them. Instead, watch out for harder-to-pin-down increases in categories where individual chains have pricing power, as well as weakening of gross margins, cost-sharing with Chinese vendors, and efforts to shift parts of the supply chain to other source countries. Returns on equity for consumer and durable goods companies in the S&P 500 index are already at recessionary levels, despite the general buoyancy of stocks in 2019; you’d be bold to bet that was set to improve over the balance of the year.Consumer sentiment is tracking down from its recent rosy levels in any case. Expectations for the economy suffered their sharpest monthly fall since 2012 in the University of Michigan’s latest survey. Views of current conditions fell to their lowest level since President Donald Trump was elected, and Republicans posted their most pessimistic consumer sentiment since Trump’s inauguration.(1)The strong U.S. economy over the past two years gave President Trump latitude to prosecute his trade battle with China – but as it starts to weaken, that may test his resolve. Given the relief in financial markets in recent days at signs of a detente, he might want to consider the benefits of a more lasting peace.(1) There's a strong partisan split in consumer sentiment, with views jumping sharply depending on whether or not a consumer's favored party is in the White House.To contact the author of this story: David Fickling at firstname.lastname@example.orgTo contact the editor responsible for this story: Rachel Rosenthal at email@example.comThis column does not necessarily reflect the opinion of the editorial board or Bloomberg LP and its owners.David Fickling is a Bloomberg Opinion columnist covering commodities, as well as industrial and consumer companies. He has been a reporter for Bloomberg News, Dow Jones, the Wall Street Journal, the Financial Times and the Guardian.For more articles like this, please visit us at bloomberg.com/opinion©2019 Bloomberg L.P.
Today we are going to look at Kohl's Corporation (NYSE:KSS) to see whether it might be an attractive investment...
These department store stocks may have been beaten down enough to once again provide value to your portfolio with significant dividend yields hedging some of the risks of buying into a potentially dying sector.
(Bloomberg Opinion) -- Who knew the unsexy work of disciplined inventory and expense management could get Wall Street this excited?Or, at least that’s what I think is driving a Thursday morning surge in shares of Nordstrom Inc., which reported second-quarter earnings late Wednesday. The retailer beat analysts’ earnings per share estimates, an outcome it chalked up to deft expense control. But, to my mind, practically everything else about this report is worrisome for Nordstrom, and indicates that something has seriously gone off track recently for this company.Nordstrom said net sales fell 5.1% from a year earlier in the quarter. The company no longer reports comparable sales, a measure that typically captures sales at stores open more than a year and online sales, and is considered a key benchmark of retailer health. It said when it announced that decision that net sales in fiscal 2019 would effectively approximate comparable sales. So, if we assume that to be true, Nordstrom effectively just had its worst results in at least decade on this metric. The first quarter was the second-worst.It’s not like one of its major lines of business provided reason to dismiss troubles at the other. Net sales plunged 6.5% in the full-price division, an especially bad result when you consider Nordstrom held a major promotional event in the quarter, its Anniversary Sale, which is traditionally an important driver of annual revenue. TJX Cos. managed to deliver positive comparable sales in the second quarter in its division that includes off-price wunderkinds Marshalls and T.J. Maxx, and yet Nordstrom Rack, a direct competitor, saw net sales fall 1.9% from a year earlier.Adding to the gloom, Nordstrom’s e-commerce sales rose just 4% in the second quarter. I realize that the company has a relatively mature online business for a legacy brick-and-mortar retailer, drawing 30% of its overall sales from e-commerce. However, this is a significant downshift from the rate of growth the company had been recording in this channel. The bleak news doesn’t stop there: Nordstrom reduced the top end of its annual earnings guidance. Also, its previous outlook for net sales was a range of flat to a 2% decline; it is now just for an approximately 2% decrease. Achieving even this dimmer outlook will require a pretty speedy change in momentum from the first half of the year, and I’m not sure executives have adequately explained how they can turn on a dime and pull that off. All of this is what leaves me perplexed as to why this report would do anything but make investors squeamish about Nordstrom’s prospects. I’ve long thought of Nordstrom as something of a unique retailing species. While it is technically a department-store operator, I’ve resisted thinking of it as such, because it has largely avoided all the typical problems we associate with that troubled format. But earnings results like these are making me reconsider whether it is really different enough to withstand the relentless pressure facing the category.These numbers make it harder to ignore stumbles by this company that might once easily have been overlooked. In the first quarter, Nordstrom erred with a change to its loyalty program that it believes kept shoppers away from its stores. In the second quarter, sales at its Anniversary Sale were soft, which co-President Erik Nordstrom told investors was in part because “We simply ran-out of our top items.” These missteps don’t exactly show the company to be in top form. I don’t think Nordstrom’s situation is hopeless. With less than 140 full-price stores, I’ve noted many times that Nordstrom is fortunate to not have a bloated store portfolio – unlike Macy’s Inc., J.C. Penney Co. and Kohl’s Corp. Its locations don’t tend to be in the dumpy malls that are turning into shopping ghost towns, and I see promise in its tiny-format Nordstrom Local concept. But its results so far this year suggest these factors might not be sufficient protection from the curse that is being a department store in 2019.To contact the author of this story: Sarah Halzack at firstname.lastname@example.orgTo contact the editor responsible for this story: Beth Williams at email@example.comThis column does not necessarily reflect the opinion of the editorial board or Bloomberg LP and its owners.Sarah Halzack is a Bloomberg Opinion columnist covering the consumer and retail industries. She was previously a national retail reporter for the Washington Post.For more articles like this, please visit us at bloomberg.com/opinion©2019 Bloomberg L.P.