Kohl’s Joins the Black Friday War

Retailer Kohl’s Corp (NYSE:KSS) announced that it is joining the midnight bandwagon. It will open stores at midnight the day after Thanksgiving and be open for 24 hours on Friday, Nov. 25. After Target (NYSE:TGT) and Macy’s (NYSE:M), Kohl’s is the third retailer to offer the facility of the early open on a traditionally very busy shopping day.

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“The state of the economy will definitely affect how consumers plan and shop this holiday,” Chief Executive Kevin Mansell said. “We understand they feel pressure to find the best gifts at an incredible value, and that’s what we will deliver.” This will the earliest opening for Kohl’s in its history.

We’ll have to wait to see how other retailers (NYSE:XRT) change their plans for Black Friday.

  • Kohl’s Corp. (NYSE:KSS): The shares recently traded at $53.28, up $0.27, or 0.51%. Its market capitalization is $14.36 billion. They have traded in a 52-week range of $42.14 to $58.00. Volume today was 1,377,934 shares versus a 3-month average volume of 5,332,310 shares. The company’s trailing P/E is 13.42, while trailing earnings are $3.97 per share. The company pays a dividend of $1.00 per share for a dividend yield of 1.90%. About the company: Kohl’s Corporation operates a chain of family-oriented department stores. The Company’s stores feature apparel, footwear and accessories for women, men and children; soft home products such as sheets and pillows; and housewares targeted to middle income customers. Kohl’s also offers online shopping as well as offers store credit cards.
  • Target Corp. (NYSE:TGT): The shares recently traded at $52.13, down $2.62, or 4.79%. Its market capitalization is $35.20 billion. They have traded in a 52-week range of $45.28 to $60.97. Volume today was 4,089,286 shares versus a 3-month average volume of 7,633,350 shares. The company’s trailing P/E is 12.39, while trailing earnings are $4.21 per share. The company pays a dividend of $1.20 per share for a dividend yield of 2.20%. About the company: Target Corporation operates general merchandise discount stores in the United States. The Company’s merchandising operations include general merchandise and food discount stores and a fully integrated online business. Target also offers credit to qualified applicants through its branded proprietary credit cards.
  • Macy’s, Inc. (NYSE:M): The shares recently traded at $29.97, down $0.56, or 1.83%. Its market capitalization is $12.80 billion. They have traded in a 52-week range of $16.93 to $30.03. Volume today was 2,287,845 shares versus a 3-month average volume of 8,689,430 shares. The company’s trailing P/E is 12.31, while trailing earnings are $2.43 per share. The company pays a dividend of $0.40 per share for a dividend yield of 1.30%. About the company: Macy’s, Inc. operates department stores in the United States. The Company also operates direct mail catalog and electronic commerce subsidiaries. Macy’s retail stores sell a wide range of merchandise, including men’s, women’s and children’s apparel and accessories, cosmetics, home furnishings and other consumer goods.

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