Tag Archives: Kohls

Kohl’s (KSS) is bordering on irrelevancy, and it may stay that way for years to come, warned one veteran retail analyst. “Kohl’s is a business whose time has passed,” Jan Rogers Kniffen, CEO of J Rogers Kniffen Worldwide, said on Yahoo Finance Live (video above). “They were the rising star all through the ’80s, ’90s, and into 2000, and at that point in time they wound up with 1,150 stores in a space that probably only needed 750. and they have been mature and struggling ever since.” Those… Source link

Out with the old and entrenched board members at struggling Kohl’s, in with the new and open-minded. That’s the hot take from Yahoo Finance’s chat on Monday with activist investor Macellum Capital, which is back in the trenches slinging the mud at Kohl’s after a bizarre bit of posturing by the retailer Friday. “The board doesn’t appear to be working on shareholders’ behalf. It’s troubling to us, and we will continue to put pressure on the board by nominating another slate and give shareholders… Source link

And just like that, struggling Kohl’s is one of the hottest commodities on Wall Street.  Guggenheim retail analyst Robert Drbul said in a new research note on Friday Amazon could express interest in buying Kohl’s. “Among the opportunities would be 1) customers, 2) categories, and 3) locations,” Drbul said. “For customers, according to Numerator, ~62% of Kohl’s shoppers are Prime members today, so there may be an incremental Prime opportunity for Amazon. Numerator data also shows that Kohl’s… Source link

If Amazon (AMZN) truly wants to get into the department store business, it may have an easier option to consider than trying to build out large locations across various parts of the country.  In fact, the option would be pretty turnkey, fancies one long-time retail strategist. “Amazon should be out there buying Kohl’s. They’ll get their 1,000 stores in one felt swoop, and they can put anything they want into them. The stores on average are 25,000 square feet bigger than they need to be,”… Source link

TipRanks The Bottom Is in for These 3 Stocks? Analysts Say ‘Buy’ Never say that one person makes no difference. This past Thursday, stocks tumbled, bonds surged, and investors started taking inflationary risks seriously – all because one guy said what he thinks. Jerome Powell, chair of the Federal Reserve, held a press conference at which he gave both the good and the bad. He stated, again, his belief that the COVID vaccination program will allow a full reopening of the economy, and that… Source link

Kohl’s (KSS) is starting its week with activist investors knocking on its door. On Monday, Kohl’s and CEO Michelle Gass — who joined as chief customer officer in 2013 and assumed the CEO role in May 2018 — were blasted by a group of activist investors for “poor retail execution,” “excessive executive compensation,” a “long-tenured Board with insufficient retail experience,” and a “systemic inability to achieve stated goals.” The activist group includes Macellum Advisors, Ancora Holdings,… Source link