American department store chain, Kohl's (NYSE:KSS), has announced its detailed plans for this year's November sales events, including the annual Black Friday Early Access event and the YAY for Black Friday! Sweepstakes. The events are set to offer customers significant savings on a variety of products and a chance to win over $1 million in prizes.
The Early Access event, which started today and will run until November 9, features discounts on select toys, holiday decor, LEGO sets, Amazon (NASDAQ:AMZN) Fire tablets, boots, women's sweaters, and Sephora Collection makeup. Additionally, customers can avail of a 15% discount on qualifying purchases, earn $10 Kohl's Cash for every $50 spent through November 9, and receive free shipping on online orders over $25.
As part of the Early Access event, Sephora's Holiday Savings Event is offering all Sephora at Kohl's shoppers up to 20% off their purchases and 30% off Sephora Collection purchases until November 6.
The retailer also announced two Super Saturday events on November 11 and November 18 that will offer discounts on seasonal apparel and home products. Additional savings include an extra 20% off qualifying purchases from November 10 - November 18, $10 off a $25 purchase from November 10 - 11, $10 Kohl's Cash for every $50 spent from November 10 - November 16.
In honor of Veterans Day, active and former military personnel, veterans, and their families will be offered a 30% discount on qualifying in-store purchases from November 10 through November 12.
Starting Sunday, November 19, Kohl's Black Friday Week will feature deals on jewelry, toys, Amazon Smart Home products, sleepwear for the family, Levi's (NYSE:LEVI) clothing, Nike (NYSE:NKE), adidas and Under Armour (NYSE:UA) products. Customers will also get an additional 15% off qualifying purchases and earn $10 Kohl’s Cash for every $50 spent from November 19 through November 22.
Limited-Time Black Friday Super Deals will be available online on November 23 and in store and online on November 24. These include discounts on Christmas trees and inflatables, daily Sephora deals on select brands including Fenty makeup and Calvin Klein fragrance, Beats Studio buds, Amazon Kindle, Sky Rider GPS Drone, The Voice Champ Deluxe (NYSE:DLX) Karaoke Microphone Speaker, SO & Sonoma Goods for Life sleep sets for kids, Barbie, Hot Wheels, Mini Brands. Customers can also earn more in Kohl’s Cash coupons on these two days, with $15 Kohl’s Cash earned for every $50 spent.
The YAY for Black Friday! Sweepstakes will give the first 200 customers at each of more than 1,100 Kohl’s stores nationwide a chance to win one of over 200,000 prizes valued at over $1 million. Prizes include grand prize LEGO packages each worth $5,000, GoTrax e-bikes, Shark vacuums, Ninja kitchen appliances, Sephora at Kohl's gift cards.
Kohl's stores will be closed on Thanksgiving Day and will reopen for Black Friday shopping on Friday, November 24.
InvestingPro Insights
As Kohl's gears up for the holiday shopping season with a host of promotional events, it's essential to consider its financial health. According to InvestingPro, the American department store chain has a market capitalization of $2730M. Despite not being profitable over the last twelve months, the company has a promising future. InvestingPro Tips highlight that Kohl's management has been aggressively buying back shares, indicating their confidence in the company's prospects. The company also has a high shareholder yield and is expected to see its net income grow this year.
Investors may also be interested in the company's dividend performance. Kohl's has maintained its dividend payments for 13 consecutive years, with a dividend yield of 8.47% as of late 2023. This consistency in returning capital to shareholders, coupled with a significant return over the last month, underscores the company's commitment to shareholder value.
InvestingPro offers a wealth of additional insights and tips on companies like Kohl's. There are ten more InvestingPro Tips related to Kohl's that could provide valuable guidance to investors. With the right information at your fingertips, you can make informed investment decisions.
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