In the face of a tough retail environment, Kohl’s is reshaping its identity to feature its value-driven appeal for the entire family. With sales slipping and consumers tightening their belts, the retailer is doubling down on its promise of affordability, hoping to transform current challenges...
The financial results for four major retailers — Kohl’s, Burlington Stores, Dollar General and Five Below — in the second quarter of 2024 highlighted a range of performances and strategic responses. From growth and resilience to challenges and adjustments, their fiscal performances provide insights into how...
As consumers look for ways to cut back their retail spending, many are willing to make sacrifices on product quality, but not when it comes to buying products for their babies. By the Numbers For the PYMNTS Intelligence report “Consumer Inflation Sentiment Report: Consumers Cut...
Kohl’s is looking to boost its sagging sales by promoting value to consumers who have been buffeted by high interest rates and inflation. During the quarter ended May 4, the retailer’s net sales decreased 5.3% year-over-year and its comparable sales declined 4.4%, according to a...
October 10, 2024
As we approach the holiday season, mass merchants and dollar stores are unveiling a plethora of new deals designed to attract budget-conscious consumers grappling with financial struggles. This year, many retailers are adapting their strategies to meet the needs of shoppers who are feeling the pinch of rising costs, emphasizing affordability and value in their […]
November 28, 2023
Whether a retailer rang up a sales symphony or lagged behind this quarter, they all evaluated a common make-or-break factor: the significance of delivering value to the customer. And if...
November 21, 2023
As temperatures stayed warm in September and October, Kohl’s discovered that it had a surplus of its cold weather inventory beyond what was initially expected. In response to the downturn...
April 18, 2023
One way to keep customers within an eCommerce ecosystem is to charge them if they stray. That’s one way to do it. But it begs the question as to whether there...
May 30, 2024
Kohl’s is looking to boost its sagging sales by promoting value to consumers who have been buffeted by high interest rates and inflation. During the quarter ended May 4, the retailer’s net sales decreased 5.3% year-over-year and its comparable sales declined 4.4%, according to a Thursday (May 30) earnings release. Kohl’s attributed the drop in […]
May 20, 2024
Macy’s, Kohl’s, Nordstrom and other department stores are reportedly facing a pressing challenge in attracting younger customers. The rise of social media, specialty retailers, big-box stores and online platforms has led younger consumers...
May 02, 2024
Instacart has become the exclusive same-day delivery partner of Kohl’s. With Kohl’s now on the Instacart App, nearly 109 million households can access same-day delivery from 1,172 Kohl’s department stores across the United...
April 10, 2024
Retailers’ revenue from store credit cards is reportedly facing pressure for several reasons. These forces are impacting all retailers, but especially department stores, whose businesses face other challenges as well,...
