David Silverman, CFA’s Post

#KSS - Kohls Reports Second Quarter Fiscal 2023 Financial Results Kohl’s Corporation (NYSE:KSS) today reported results for the second quarter ended July 29, 2023. Net sales decreased 4.8% and comparable sales decreased 5.0% Diluted earnings per share of $0.52 Inventory declined 14% Reaffirms full year 2023 financial outloo... August 23, 2023 at 07:00AM #StockMarket #MWN

📈 MARKET HIT! Kohl’s Off to a Rough Start Consumer Edge US Transact data accurately tracked Kohl’s revenue miss and the contributing trends underpinning it, as flagged by company management, such as the struggling middle-income consumer. https://hubs.li/Q02zTb290 #KSS #Kohls #investors #markethit

What's going on with Kohl's? Revenue down 5%+ YOY including -1% same store. "Digital is what's really dragging us down." A few theories but I don't have intimate knowledge: 1. The coupon stacking game they play is more of a doom loop than a flywheel. JC Penney went through this, tried to change course, which only failed worse. The biggest problem with the coupon stacking game is that, in order to make it more and more attractive year after year, it has to become more complex. This excites the most passionate coupon stackers but alienates the broad middle. It's too hard and annoying to shop. Yet, if you don't make it better, both the middle and the passionate crowds get bored. 2. Stores within stores can work. Co-branded stores tend to not. Within Neiman's you'll find a Louis Vuitton sub-store. These brands align well with one another and is a benefit to shoppers. Best Buy has used this tactic brilliantly with its most significant vendors. However, co-branding two previously separate, struggling brands into one store has a longer history of failure than success. Cinnabon and Schlotzsky's. Dunkin and Baskin (I wouldn't say Baskin has been 'saved' by this move.) Marble Slab even tried it with a more meal-centric brand. I think having a Sephora inside of a Kohl's could work. Co-branding the stores equally seems like confusing to the consumer. 3. The CEO is down on digital! Search "digital" in the link below and you'll see him say things like "Digital is what's really dragging us down." That's not to say I disagree with the premise that Kohl's must be omni-focused rather than channel-focused, but any retailer who will win over the next years MUST win in digital too. A 20% YOY drop in revenue in digital can't continue. Growing up in Milwaukee, I've always rooted for Kohl's and still do. What else am I missing with where they've gone off track? https://lnkd.in/d5PVBpY4

“Surprise Losses?” Help me understand how a department store can have a surprise loss? They attribute it to “ongoing uncertainty" among consumers. Hmm do they not see the clothes and inventory piling up or their warehouse shelves overflowing? Their stock got slammed because of “ongoing uncertainty” alright but it was not because their consumers were uncertain. It was their inability to FORECAST! Truth: Analysts don’t like surprises! Boards don’t like surprises! CEO’s don’t like surprises! If you are running your business based on your typical financial statements you are missing the most important thing! You must see what’s happening NOW and anticipate the future. Last month’s numbers tell last month’s story. The world is changing rapidly. Accurate Forecasting Must be a priority! Curious 0-10 how would you rate your current forecasting process? 0 what forecasting process, 10 is we rock! https://lnkd.in/gPx5WRpG

Citi said it expects Next PLC (LSE:NXT) to exceed its own sales guidance in the crucial, Christmas-focused fourth quarter with Reiss as its "little helper". The #InvestmentBank is predicting full-price sales growth of 4% - double the number put in the market by the clothes retailer. #Citi does admit, however, that it is working with a limited dataset. Looking forward to the fiscal year ending in January 2025 (FYJan25), Citi tentatively predicts a 2% rise in full-price sales for #Next. Additionally, it expects a mid-single-digit percentage (MSD%) increase in year-over-year earnings per share (EPS), influenced by Next's mergers and acquisitions (M&A) activities, particularly with fashion brands #Reiss and #FatFace. More at #Proactive #ProactiveInvestors #LSE #NXT http://ow.ly/hZEC1057GP0

Corporate defaults are on the rise, and that means retailers already in distress could become even more pressured this year. A U.S. Distressed and Default Monitor report for March 2024 from Fitch Ratings noted that corporate defaults are on the rise due to leverage and looming debt maturities. While BDO restructuring expert David Berliner believes that 2024 won’t be a big year for fashion retail bankruptcies, he thinks retailers that are already struggling could find themselves running out of options as going-concern companies.

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Kohl’s is Counting on the Holiday Season to End Sales Slump Visit: https://lnkd.in/gfTFpmSC #marketing #digitalmarketing #emergingmarkets #venturecapital #finance #ir #financenews #invest #investing #investor #investornews #stock #stocks #stockmarket #stockmarkupdate #stockmarketinvesting #news

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According to InvestingPro's real-time data, Ralph Lauren's market capitalization stands at a healthy 7420M USD. The company's Price/Earnings (P/E) ratio is 14.22, indicating a reasonable valuation compared to industry standards. Its gross profit margin for the last twelve months, as of the first quarter of 2024, is an impressive 65.1%,