Kohl’s Provides Key Updates on Strategic Growth and Financial Plan at Investor Day
Mar 7, 2022 By MarketDepth
Kohl’s Corporation (NYSE: KSS) has hosted a virtual investor day where it has provided an update on the Company’s strategy to push growth and become the retailer of choice for Active and Casual lifestyle. “Kohl’s is undergoing a significant transformation of our business model and brand to be the retailer of choice for the Active and Casual lifestyle. We have fundamentally restructured our business to drive sustainable and profitable growth, while providing a strong return to shareholders,” said Michelle Gass, Kohl’s chief executive officer. “We have laid the foundation for our winning strategy and have started to implement key initiatives that will scale and accelerate our growth in the years ahead. We delivered record EPS in 2021 and achieved our operating margin goal two years ahead of schedule, reflecting our progress to drive more profitable growth. The initiatives we are announcing today, including plans to drive the Sephora business to $2 billion, are further positioning us for long-term value creation.”
Engaging With Customers
Kohl’s plans to leverage data science as the company has taken additional steps to engage with customers more efficiently and provide greater relevance by increasing personalization and pushing localization to its entire store fleet over the next two years. It will optimize data and analytics to create more relevant customer experiences, drive higher margins, revenues and greater asset efficiency.
The company’s virtual investor day has taken place 9 a.m. Eastern time on March 7th.