Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
Settings
Settings
Dynamic quotes 
OFFON

4-Traders Homepage  >  Equities  >  Nyse  >  Kohl's Corporation    KSS

KOHL'S CORPORATION (KSS)
Mes dernières consult.
Most popular
Report
SummaryQuotesChartsNewsAnalysisCalendarCompanyFinancialsConsensusRevisions 
News SummaryMost relevantAll newsSector newsTweets

Kohl : Names New CEO -- Update

share with twitter share with LinkedIn share with facebook
share via e-mail
0
09/26/2017 | 05:54pm CET
By Suzanne Kapner and Austen Hufford 

Kohl's Corp. said Michelle Gass, a former Starbucks Corp. executive who joined the department store chain in 2013, will take over as chief executive next year as it looks to navigate a difficult retail landscape.

Kevin Mansell, Kohl's current CEO and chairman, will retire in May. The company has been analyzing candidates over the past two years to succeed Mr. Mansell, who has spent 35 years at Kohl's, including the last nine as CEO.

The company's board intends to make one of its current independent members chairman.

"We thought we'd be best served by announcing this today," Mr. Mansell said in an interview Tuesday, adding that the move was expected both internally and externally. Tomorrow, it's back to work, he said. "We have a lot riding on our holiday results."

Ms. Gass, 49 years old, joined Kohl's in 2013 after serving since 1996 at Starbucks, where her last role was running the company's Europe, Middle East and Africa business. She was initially Kohl's chief customer officer, which included managing marketing and e-commerce. In 2015, she gained responsibility for the company's merchandising, planning and product development.

Ms. Gass was a key driver of new partnerships with Under Armour Inc. and Amazon.com Inc. She launched Kohl's new loyalty program and helped develop cost-cutting measures that are expected to save $250 million over three years.

"There are noticeable contributions that Michelle has made in addition to proving herself as an incredible leader," Mr. Mansell said.

Since Mr. Mansell joined Kohl's as a divisional merchandise officer, the company has grown from a local Milwaukee-area retailer with a dozen locations to a national chain with more than 1,100 stores that generates $19 billion of annual sales.

Kohl's also said another top executive, Chief Operating Officer Sona Chawla, will become president. Ms. Chawla, 50, joined the company in late 2015 from Walgreens where she was chief marketing officer and ran e-commerce, setting up a succession race.

"We view both Ms. Gass and Ms. Chawla as strong internal promotions, with deep expertise in the omnichannel strategies that will be necessary to drive [Kohl's] next leg of growth," Jefferies analyst Randal Konik said in a research note.

Shares in Kohl's, down 6.4% this year, fell 0.9% to $45.79 in Tuesday trading.

Write to Suzanne Kapner at [email protected] and Austen Hufford at [email protected]

share with twitter share with LinkedIn share with facebook
share via e-mail
0
Latest news on KOHL'S CORPORATION
12/15 WAL MART STORES : Calendar quirk, Amazon, put pressure on retailers to deliver
12/12 KOHL : Find Last-Minute Gifts in the Nick of Time at Kohl's
12/12 KOHL : Christmas For Kids shopping day
12/11 KOHL : Star Wars for the Whole Family Now at Kohl’s!
12/08 KOHL : Developers looking to expand Campbell apartment community
12/08 DESTINATION MATERNITY : Reports Third Quarter And First Nine Months Fiscal 2017 ..
12/05 KOHL'S CORPORATION : ex-dividend day
12/04 KOHL'S CORPORATION : EX-Dividend Schedule: Kohl's has a Dividend Yield of 4.59%;..
12/01 KOHL : KOHLS CORP Management's Discussion and Analysis of Financial Condition an..
12/01 MACY : Need a job for the holidays? Here are the retailers who are hiring.
More news
News from SeekingAlpha
12/14 Wall Street's 47 Most Hated 'Safer' Dividend Stocks For 2018
12/13 Goldman Sachs boosts short-term view on U.S. mall retailers
12/12 Top Gaining 'Safer' Dividend Challengers Are Maiden, Tallgrass, And Schweitze..
12/11 Amazon's Holiday Shipping Bluder Could Benefit Costco And Other Brick-And-Mor..
12/05 Seventh Portfolio Review - 'The Accelerated Dividend Portfolio'
Financials ($)
Sales 2018 18 670 M
EBIT 2018 1 304 M
Net income 2018 640 M
Debt 2018 2 495 M
Yield 2018 4,29%
P/E ratio 2018 13,44
P/E ratio 2019 13,44
EV / Sales 2018 0,60x
EV / Sales 2019 0,59x
Capitalization 8 627 M
Chart KOHL'S CORPORATION
Duration : Period :
Kohl's Corporation Technical Analysis Chart | KSS | US5002551043 | 4-Traders
Technical analysis trends KOHL'S CORPORATION
Short TermMid-TermLong Term
TrendsBearishBearishBearish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus HOLD
Number of Analysts 22
Average target price 44,2 $
Spread / Average Target -14%
EPS Revisions
Managers
NameTitle
Michelle D. Gass CEO-Elect & Chief Merchandising Officer
Kevin Mansell Chairman & President
Sona Chawla President-Elect & Chief Operating Officer
Bruce H. Besanko Chief Financial Officer
Frank V. Sica Independent Director
Sector and Competitors
1st jan.Capitalization (M$)
KOHL'S CORPORATION2.71%8 627
S.A.C.I. FALABELLA--.--%23 299
CANADIAN TIRE CORPORATION LIMITED16.91%8 739
NORDSTROM, INC.-3.46%7 578
MACY'S INC-27.87%7 489
LOJAS AMERICANAS SA-9.99%6 883