News in English



Новости сегодня на DirectAdvert

Новости сегодня от Adwile

I shopped at Kohl's to see how stores are taking 'aggressive action' to boost plummeting sales

Kohl's.
  • Sales at Kohl's fell in Q3, which CEO Tom Kingsbury called "frankly disappointing."
  • I visited a Kohl's store in New Jersey to see how the chain plans to bounce back.
  • The store's layout showed how Kohl's is centering its partnership with Sephora to boost sales.

In 2018, Kohl's was hailed as a "winner of the retail apocalypse," boasting strong sales over its struggling counterparts like Sears and JCPenney.

Now, Kohl's is feeling the strain. Its third-quarter earnings report found that net sales decreased 8.8% and comparable sales fell 9.3%.

"We are not satisfied with our performance in 2024 and are taking aggressive action to reverse the sales declines," CEO Tom Kingsbury said in the report.

Kingsbury also announced that he would step down as CEO effective January 15 and will be replaced by Ashley Buchanan, a Kohl's board member and CEO of Michael's.

I visited a Kohl's store ahead of the holidays in December, one of the busiest shopping seasons, to see what kind of "aggressive action" Kohl's was taking to boost sales.

Representatives for Kohl's did not respond to a request for comment.

At the Kohl's store I visited in Clifton, New Jersey, Sephora was prominently advertised with its own branded entrance.
Kohl's.

Kohl's has more than 1,100 locations in 49 states. While there are Kohl's stores in the greater New York City area, including in Brooklyn and Yonkers, there aren't any in Manhattan.

Kohl's announced its partnership with Sephora in 2020. By 2023, 910 Kohl's locations had added Sephora stores, and the retail chain built 140 more Sephora stores at Kohl's in 2024.

In 2023, Sephora sales at Kohl's totaled $1.4 billion, the Milwaukee Journal Sentinel reported. Sales are projected to hit $2 billion by 2025.

A sign advertised an ongoing customer appreciation event with extra sales.
Sales at Kohl's.

Kohl's Rewards members and Kohl's cardholders received extra discounts.

The entrance I chose led me into the juniors section, which was strategically located right in front of Sephora.
The junior's section at Kohl's.

The juniors section sold flared leggings, bralettes, and other styles popular with Gen Z.

Sephora seemed to serve as the centerpiece of the store with prominent placement in the middle of the aisles.
A Sephora location at Kohl's.

The Sephora was constructed like a store within a store, similar to smaller shops located in a mall.

With celebrity beauty brands laid out in colorful displays under bright lighting, I felt drawn into the small-format Sephora like a moth to a flame.
Inside the Sephora at Kohl's.

The aisles were full of makeup brands like Selena Gomez's Rare Beauty and Fenty Beauty by Rihanna.

An assortment of fine jewelry with lab-grown diamonds was displayed around the corner from Sephora.
Jewelry at Kohl's.

On a June earnings call, Kingsbury said the retailer had removed some jewelry from stores to make room for Sephora locations since jewelry sales had been steadily declining.

He said Kohl's planned to add more accessories like jewelry back into stores in time for the holidays and place them near Sephora in an effort to boost sales.

There were also cheaper jewelry options nearby, such as Lauren Conrad's LC line.
Lauren Conrad's jewelry line at Kohl's.

The items ranged between $7 and $15, while most of the fine jewelry items displayed nearby cost around $100.

I was impressed by the wide selection of dresses at Kohl's, ranging from office looks to black-tie gowns.
Dresses at Kohl's.

Kingsbury told the Milwaukee Journal Sentinel in September that Kohl's locations with more space for dresses were "performing better" than other locations.

To me, the black-tie dresses in particular made Kohl's feel more like a department store than a big-box retailer.

Kohl's featured inclusive sizing, with sections for women's plus size, women's petite, and men's big and tall.
The big and tall men's section at Kohl's.

Kohl's also carries a line of adaptive clothing designed for accessibility. I appreciated how the store catered to a wide customer base.

However, much of the store felt understated in comparison to Sephora.
Flannel shirts at Kohl's.

Women's flannel shirts were on sale for $24.99 — the same as they cost at Target, but more expensive than Walmart, where similar shirts cost between $5 and $15. I also didn't find the clothing displays particularly engaging compared to Sephora's luminous shelves and eye-catching photos.

The selection of home decor at Kohl's didn't seem as large as I've seen at big-box retailers like Walmart and Target.
Home decor at Kohl's.

The items were organized by color, which I found visually appealing. I also enjoyed the wooden roof displayed over the home decor section, which made it easy to spot and identify from a distance.

Kohl's Q3 earnings report found that home decor was a "key growth area" that experienced a "strong collective performance" despite the overall slump.

I was puzzled by a housewares section that featured aisles of slow cookers, vacuums, and suitcases next to each other.
Housewares at Kohl's.

Centering the juniors and jewelry sections around Sephora's beauty products made sense to me, but these items all seemed like they belonged in different parts of the store. Perhaps it was a space issue, or maybe Kohl's is still playing around with store layouts that drive more sales.

Kohl's hopes to replicate the success of its Sephora partnership through another partnership with Babies "R" Us.
The Babies "R" Us baby registry at Kohl's.

In October, Kohl's launched a digital baby registry service through Babies "R" Us to boost sales of baby gear, which has been a top seller.

On the Q3 earnings call, Kingsbury said that while Kohl's had "benefited" from opening Babies "R" Us shops in 200 stores, these additions were still "unable to offset the declines in our core business."

In a section titled "The Toy Box," boxes of Hot Wheels tracks, Lego sets, and Mr. Potato Heads were piled on the floor.
Toys at Kohl's.

This could have been a stylistic choice, but it did make me think of Business Insider senior correspondent Emily Stewart's piece about how store aisles crowded with boxes are a sign of the retail apocalypse.

As I headed toward the checkout counters, I saw a self-pickup section full of orders — another method of increasing sales.
Self-pickup at Kohl's.

Kohl's launched self-pickup in all of its locations in 2022.

The line for staffed checkout counters was about 10 customers deep, but there was no line for self-checkout.
The checkout line at Kohl's.

The staffed checkout counters may have had a longer line because of people making returns.

It remains to be seen if Kohl's strategies will help the brand avoid further decline.
Kohl's trading post at the New York Stock Exchange.

By leaning into partnerships with Sephora and Babies "R" Us and thinking strategically about store layouts, Kohl's hopes to drive enough business to sustain its core brand and reverse its sales slump.

Read the original article on Business Insider

Читайте на 123ru.net

Другие проекты от 123ru.net



Архангельск

Погоду на январь спрогнозировали россиянам



Жизнь

"Школа Хитрука" продолжается!






103news.com — быстрее, чем Я..., самые свежие и актуальные новости Вашего города — каждый день, каждый час с ежеминутным обновлением! Мгновенная публикация на языке оригинала, без модерации и без купюр в разделе Пользователи сайта 103news.com.

Как добавить свои новости в наши трансляции? Очень просто. Достаточно отправить заявку на наш электронный адрес mail@29ru.net с указанием адреса Вашей ленты новостей в формате RSS или подать заявку на включение Вашего сайта в наш каталог через форму. После модерации заявки в течении 24 часов Ваша лента новостей начнёт транслироваться в разделе Вашего города. Все новости в нашей ленте новостей отсортированы поминутно по времени публикации, которое указано напротив каждой новости справа также как и прямая ссылка на источник информации. Если у Вас есть интересные фото Вашего города или других населённых пунктов Вашего региона мы также готовы опубликовать их в разделе Вашего города в нашем каталоге региональных сайтов, который на сегодняшний день является самым большим региональным ресурсом, охватывающим все города не только России и Украины, но ещё и Белоруссии и Абхазии. Прислать фото можно здесь. Оперативно разместить свою новость в Вашем городе можно самостоятельно через форму.

Другие популярные новости дня сегодня


Новости 24/7 Все города России





Топ 10 новостей последнего часа




Новости России

Омск получил звание «Культурная столица года – 2026»

Свыше 6,5 тысячи жителей Москвы и Московской области получили справки о статусе предпенсионера в клиентских службах регионального Отделения СФР и МФЦ

Филиал № 4 ОСФР по Москве и Московской области информирует: В 2024 году Отделение СФР по Москве и Московской области назначило единое пособие родителям 370,5 тысячи детей

Подарки «Зимы в Москве» получили воспитанники особого семейного центра


Москва

С начала 2024 года более 2,5 тысячи многодетных мам в Московском регионе досрочно вышли на пенсию






Rss.plus
Moscow.media
Москва

Сергей Собянин рассказал о росте инвестиций в основной капитал столицы



103news.comмеждународная интерактивная информационная сеть (ежеминутные новости с ежедневным интелектуальным архивом). Только у нас — все главные новости дня без политической цензуры. "103 Новости" — абсолютно все точки зрения, трезвая аналитика, цивилизованные споры и обсуждения без взаимных обвинений и оскорблений. Помните, что не у всех точка зрения совпадает с Вашей. Уважайте мнение других, даже если Вы отстаиваете свой взгляд и свою позицию. 103news.com — облегчённая версия старейшего обозревателя новостей 123ru.net.

Мы не навязываем Вам своё видение, мы даём Вам объективный срез событий дня без цензуры и без купюр. Новости, какие они есть — онлайн (с поминутным архивом по всем городам и регионам России, Украины, Белоруссии и Абхазии).

103news.com — живые новости в прямом эфире!

В любую минуту Вы можете добавить свою новость мгновенно — здесь.

Музыкальные новости

Денис Мацуев

«Новый год в джазовых тонах»: Денис Мацуев и Российский национальный молодежный симфонический оркестр




Спорт в России и мире

Алексей Смирнов – актер, которого, надеюсь, еще не забыли

Овчинский: На юго-западе столицы построили физкультурно-оздоровительный комплекс

10 копеек

Парусный спорт – как глобальное потепление и новые технологии влияют на соревнования


Юлия Путинцева

Теннисистка Путинцева: решила выступать за Казахстан из-за лучших условий



Новости Крыма на Sevpoisk.ru


Мода

«Ездила к кому-то в Питер»: Катя Гордон обвинила Анну Седокову в неверности



Частные объявления в Вашем городе, в Вашем регионе и в России