Bountiful_Harvest
3 years ago
Kohl’s shares surge as takeover offers emerge from suitors including Sycamore:
https://www.cnbc.com/2022/01/24/kohls-shares-surge-as-takeover-offers-emerge-suitors-include-sycamore.html
Kohl’s is fielding takeover offers from at least two suitors.
The news set the company’s stock soaring in premarket trading.
Sycamore is willing to pay at least $65 per share for Kohl’s, implying a 39% premium to the stock’s last close of $46.84, people familiar with the matter tell CNBC.
The offer from Sycamore came two days after Acacia Research, backed by activist investment firm Starboard Value, offered to pay $64 a share for Kohl’s, sources said.
eastunder
4 years ago
Sephora to open stores at 850 Kohl's locations by 2023
Tue, December 1, 2020, 7:53 AM MST
https://finance.yahoo.com/news/sephora-open-stores-850-kohls-145354127.html
Dec 1 (Reuters) - French cosmetics retailer Sephora will open its shops at about 850 Kohl's Corp stores by 2023, as the U.S. department store operator doubles down on its beauty category.
Shares of Kohl's were trading up 14% in early trading.
Beauty products have been among the most sought-after items during the COVID-19 pandemic, alongside athleisure apparel and home improvement items, as people largely staying at home spend more on premium skincare items.
The first 200 Sephora stores at Kohl's locations would open in fall 2021 with Sephora becoming the exclusive beauty partner on the U.S. chain's website, the companies said.
Sephora is owned by Louis Vuitton owner LVMH and has 500 stores in the Americas.
Last month, Ulta Beauty Inc said it had signed a long-term deal to have its stores next to Target Corp's own beauty section.
Kohl's last month had said it had its sight set on at least tripling its sales of beauty products, after seeing growth of nearly 40% over the past five years.
Kohl's has also collaborated with Amazon.com Inc, WW International Inc and Planet Fitness Inc, offering services from the companies in its stores in a bid to boost store traffic.
J.C. Penney Co Inc, Sephora's longtime partner, said its partnership with the beauty brand will continue until the end of its current agreement, which the Wall Street Journal has said is scheduled to wind down in 2023. (Reporting by Praveen Paramasivam in Bengaluru; Editing by Shailesh Kuber)
whytestocks
4 years ago
Just In: $KSS Kohl's Announces Launch of New Private Label, Specialty Athleisure Brand
FLX, a new private label, specialty athleisure brand, launches in select stores and online at Kohls.com beginning March 2021 For both men and women, FLX offers stylish and high-quality athleisure separates with key features such as performance fabrics, functional details and...
Find out more KSS - Kohl's Announces Launch of New Private Label, Specialty Athleisure Brand