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Latest KSS News From Around the Web
Below are the latest news stories about KOHLS Corp that investors may wish to consider to help them evaluate KSS as an investment opportunity.
Source: Barron's The coronavirus has practically brought the U.S. economy to a standstill, hurting retailers, in particular. Several traditional retailers were struggling prior to the pandemic, including Kohl's (KSS). The company reported quarterly revenue of $3.41 billion, down 23% Y/Y. Results were negatively impacted by temporary store closings. Stores operated...
Image source The stocks of department stores have been no place to hide during 2020. Department stores have been suffering for years as the outdated business model they operate has been shown to be inferior in a digital-first retailing environment. The pandemic, of course, has only accelerated this. One such...
Given the circumstances, Kohl's (KSS) headline second-quarter results were not all that bad. While analysts expected to see revenue decline of 26% YOY, the retailer delivered a less impactful drop of 23%. On the earnings side, projected loss of 88 cents per share proved overly cautious compared to the 25-cent...
Kohl's (KSS) is being crushed today mainly due to some lagging COVID-19 comments that spooked the market. The retail sector remains under pressure, but this department store still appears as a strong survivor in the sector. My investment thesis remains bullish on the stock trading down 66% from the 52-week...
JPMBB Commercial Mortgage Securities Trust 2013-C12 -- Moody's downgrades two, confirms one and affirms seven classes of JPMBB 2013-C12
The ratings on six P&I classes were affirmed and the rating on one P&I class was confirmed due to the pool's share of defeasance and the transaction's key metrics, including Moody's loan-to-value (LTV) ratio, Moody's stressed debt service coverage ratio (DSCR) and the transaction's Herfindahl Index (Herf), being within acceptable ranges. The rating on two P&I classes, Cl. E and Cl. F, were downgraded due to anticipated losses from specially serviced and troubled loans.
Even before COVID-19, retail was in a tough spot. Turning up the heat, the virus and the ensuing store closures have had a devastating impact on the space. High unemployment rates and a shift in consumer shopping behavior have done little to help the situation. But just how destructive has the crisis been? According to a July report from S&P Global Market Intelligence, so far, 2020 has seen 40 retailers file for bankruptcy. This figure has already exceeded the number of retail bankruptcies in both 2019 and 2018. Based on tracking data from S&P Global, this year’s number could top the 48 filings in 2010, which was driven by the lethal impacts of the Great Recession. With a second wave of COVID-19 infections only intensifying pressures, more filings could be on the way. Bearing this in m...
The problems at Macy’s and Kohl’s are shared across department stores, which have seen brands and other retailers take market share.
Shares of Macy’s and Kohl’s ended lower on Wednesday, falling 5% and 3.9% respectively, after UBS downgraded both stocks to sell. The rating cut comes as the firm’s data suggests the acceleration to online shopping as a result of COVID-19 will persist after the pandemic ends. Instead, UBS recommends ‘premium’ stocks that can operate a ‘go it alone’ model, such as Nike, Levi’s and Capri Holdings. The Final Round panel discusses the outlook for the retail landscape.
The crisis has simply accelerated trends already in place, including the need to close underperforming stores.