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24 Jun

At Smaller Stores, Kohl’s Will Open Scaled-down Sephora Shops

by Beautifaire101
Beauty, Featured
At Smaller Stores, Kohl’s Will Open Scaled-down Sephora Shops
Kohl’s Corp. is creating scaled-down Sephora shops to suit into its smaller locations. For fall 2023, the plan is to have 750-square-foot Sephora shops operating at 50 Kohl’s locations that are on average 35,000 square feet and can be unable to accommodate the everyday 2,500-square-foot Sephora shop-in-shop. Kohl’s full-size stores average 80,000 square feet. The small-format Sephora shops will merchandise products by category fairly than by brand, as seen in traditional Sephora stores and on the Kohl’s Sephora shops-in-shop. “Think better of foundation, better of fragrance, etcetera,” a Kohl’s spokeswoman explained. Among the many brands being merchandised within the smaller formats are, in makeup, Rare Beauty, Fenty Beauty, NARS, Charlotte Tilbury, Sephora Collection, Ilia, Lancôme and Too Faced. The skincare/body care category offers...
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28 May

Kohl’s Corp. Sees Beauty, ‘Dressy’ Casual Clothes Amongst Keys

by Beautifaire101
Beauty, Featured
Kohl’s Corp. Sees Beauty, ‘Dressy’ Casual Clothes Amongst Keys
Rather a lot more beauty, more “dressed” up casual apparel and more gifts and pets. Those are a few of the key components of Kohl’s Corp.’s turnaround strategy, which to this point is showing some progress in stabilizing the business because the retailer reported that its bottom line stayed flat for the primary quarter while sales volume continued to slip. Net income for the quarter ended April 29 was $14 million, or $0.13 per share. That in comparison with net income of $14 million, or $0.11 per share within the prior 12 months. Net sales decreased 3.3 percent to $3.36 billion, from $3.47 billion. Comparable sales decreased 4.3 percent. “Our first-quarter results were in keeping with our expectations and represented a primary step as we...
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8 Apr

S&P Downgrades Kohl’s

by Beautifaire101
Beauty, Featured
S&P Downgrades Kohl’s
It was not a very good Friday for Kohl’s. Standard & Poor’s downgraded the Menomonee Falls, Wisconsin-based Kohl’s Corp. to “BB” from “BB+” citing its weaker-than-expected fourth-quarter results, lower margins, heightened clearance activity and “muted” demand. BB is taken into account a junk rating. It suggests an elevated vulnerability to default risk if there are significant changes within the business or the economy, though an organization maintains flexibility to satisfy financial commitments. However it’s not all bad. In its report on Kohl’s issued Friday, S&P said it expects higher metrics in 2023 as the corporate improves merchandising execution with lower inventory levels, freight costs ease and continues the rollout of Sephora shops inside its stores. S&P also cited reduced capital expenditures, which...
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