Kohl's in Crisis: Can the Retail Giant Recover from its Customer Exodus - Stock Down 35% on the year
Konposit’s The Retail Dispatch dove in.
Highlights from the article include:
* According to GlobalData Retail, Kohl’s has lost ~1.3 million customers over the last 5 years, with some defecting to discount retailers like TJX, others to Target, and Walmart and the like - will these customers come back?
* Fiscal Q2 - a disappointing quarter with declining comp store sales (-5.1%), despite increased gross margin. Big dividends.
* 1 in 3 shares being shorted, and a 35% year-to-date decline in stock value. Institional investors own most of the company.
* Partnering with Babies R Us to pep things up.
* The company's efforts have focused on growth areas like Sephora, home decor, impulse and gifting.