×
81 100
Fashion Jobs
TAPESTRY
Full Time Sales Supervisor
Permanent · Wrentham
HOMEGOODS
Loss Prevention lp Detective
Permanent · Brentwood
MARSHALLS
Loss Prevention Customer Service Associate
Permanent · New York
MARSHALLS
Loss Prevention Customer Service Associate Downtown Crossing Boston
Permanent · Boston
HOMEGOODS
Loss Prevention lp Detective
Permanent · Wentzville
HOMEGOODS
Loss Prevention lp Detective
Permanent · Kirkwood
MARSHALLS
654 Retail lp Detective - Encino
Permanent · Los Angeles
MARSHALLS
378 lp Detective
Permanent · Los Angeles
MARSHALLS
Loss Prevention Customer Service Associate
Permanent · Philadelphia
KOHLS
Full-Time Sales Supervisor - Softlines
Permanent · Billings
KOHLS
CRM Campaign Analyst *Remote*
Permanent · Menomonee Falls
H&M
sr. Manager, Strategic Tech Sourcing And Procurement
Permanent · New York
MACY'S
Asset Protection Detective, Livingston - Full Time
Permanent · Livingston
MACY'S
Asset Protection Detective, Westminster - Full Time
Permanent · Westminster
MACY'S
Asset Protection Security Guard, Newport Centre - Full Time
Permanent · Jersey City
MACY'S
Asset Protection Detective, Salinas Northridge - Full Time
Permanent · Salinas
MACY'S
Senior Project Manager
Permanent · Johns Creek
MACY'S
Asset Protection Detective, West Dade Miami Int'l - Full Time
Permanent · Miami
MACY'S
Asset Protection Detective, Culver City Center - Full Time
Permanent · Culver City
FOSSIL
Americas Digital Marketing Manager
Permanent · Plano
ULTA BEAUTY, INC.
General Manager
Permanent · North Greenbush
ULTA BEAUTY, INC.
Retail Sales Manager
Permanent · North Greenbush
By
Reuters
Published
May 20, 2021
Share
Download
Download the article
Print
Click here to print
Text size
aA+ aA-

Kohl's warns of margin pressure, shares tumble 12%

By
Reuters
Published
May 20, 2021

Kohl's Corp on Thursday warned of a hit to its full-year profit margin from higher labor and shipping costs as well as selling fewer products at full-price due to intensifying competition as the economy reopens, sending its shares down 12%.


Reuters



The retailer, however, beat expectations for first-quarter profit as efficient inventory management allowed it to sell more products at full price and offset supply-chain disruptions triggered by the pandemic.

The company does not expect the current pricing environment to be sustainable though as economies reopen, easing those constraints.

"There is more full-priced selling that is available to us. So we're taking advantage of that now. We do believe as the year progresses ... some of those tailwinds will ease," Chief Financial Officer Jill Timm said on a post-earnings call.

With the economic reopening, U.S. retailers, including Kohl's, Macy's and Target, are moving past their inventory issues as they prepare to grab a bigger slice of consumer spending in the upcoming shopping boom.

Kohl's also said it expects its digital business, which made up only about 30% of its sales in the first quarter, to hurt its margins due to higher shipping costs.

The retailer also forecast annual sales growth largely below analysts' expectations.

"It's not just their comments on margins, specifically supply chain ... but they also just took a very prudent approach to the rest of the year," CFRA Research analyst Camilla Yanushevsky said.

Net sales rose about 70% to $3.66 billion for the quarter ended May 1, beating estimates.

© Thomson Reuters 2021 All rights reserved.