We use cookies to understand how you use our site and to improve your experience. This includes personalizing content and advertising. To learn more, click here. By continuing to use our site, you accept our use of cookies, revised Privacy Policy and Terms of Service.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
Kohl's (KSS) to Open Fifth E-Commerce Fulfillment Center
Read MoreHide Full Article
Retailer Kohl’s Corporation (KSS - Free Report) has purchased a building for its new e-commerce distribution center. This is meant to enhance the company’s ability to fulfill Kohls.com purchases and serve customers nationwide. The 937,000-square-foot fulfillment center, located in Plainfield, IN, is expected to open in summer 2017 and will help handle the holiday season rush thereafter.
The opening of this new e-commerce fulfillment center will add to a total of 14 distribution centers across the country. This will be the company’s fifth distribution center and marks a step forward in the process of shipping merchandise from its stores, thus offering customers an option to buy online and pick up their purchased items at their local Kohl’s store. Other e-commerce fulfillment centers are located in San Bernardino, CA; Monroe, OH; Edgewood, MD and DeSoto, TX.
Kohl’s new facility will also employ full-time and part-time workers. The company expects to hire approximately 300 full- and 600 part-time associates over a three-year period.
We note that Kohl’s is making efforts to maximize its omni-channel fulfillment facility, as omni-channel retailing is a stepping stone to the online world. Companies like Kohl’s already have logistics and physical stores in place and are expanding their reach further through online channels.
In early fiscal 2014, the company upgraded its e-commerce platform by rolling out the e-Sign technology, which helped strengthen its omni-channel platform. In 2015, Kohl’s rolled out the capability to ship online orders placed on Kohls.com from its network of more than 1,100 stores across the country. In addition, by choosing the buy online, pick up in store option, customers can purchase items online and pick up from local Kohl’s store which has premier, designated parking for them.
We believe this new center will help Kohl’s to deliver products more quickly and efficiently, alongside enhancing customer experience amid a difficult sales scenario.
Beyond this Analyst Blog, would you like to see Zacks' best recommendations that are not available to the public? Our Executive VP, Steve Reitmeister, knows when key trades are about to be triggered and which of our experts has the hottest hand. Click to see them now>>
Unique Zacks Analysis of Your Chosen Ticker
Pick one free report - opportunity may be withdrawn at any time
Image: Bigstock
Kohl's (KSS) to Open Fifth E-Commerce Fulfillment Center
Retailer Kohl’s Corporation (KSS - Free Report) has purchased a building for its new e-commerce distribution center. This is meant to enhance the company’s ability to fulfill Kohls.com purchases and serve customers nationwide. The 937,000-square-foot fulfillment center, located in Plainfield, IN, is expected to open in summer 2017 and will help handle the holiday season rush thereafter.
The opening of this new e-commerce fulfillment center will add to a total of 14 distribution centers across the country. This will be the company’s fifth distribution center and marks a step forward in the process of shipping merchandise from its stores, thus offering customers an option to buy online and pick up their purchased items at their local Kohl’s store. Other e-commerce fulfillment centers are located in San Bernardino, CA; Monroe, OH; Edgewood, MD and DeSoto, TX.
Kohl’s new facility will also employ full-time and part-time workers. The company expects to hire approximately 300 full- and 600 part-time associates over a three-year period.
KOHLS CORP Price and Consensus
KOHLS CORP Price and Consensus | KOHLS CORP Quote
We note that Kohl’s is making efforts to maximize its omni-channel fulfillment facility, as omni-channel retailing is a stepping stone to the online world. Companies like Kohl’s already have logistics and physical stores in place and are expanding their reach further through online channels.
In early fiscal 2014, the company upgraded its e-commerce platform by rolling out the e-Sign technology, which helped strengthen its omni-channel platform. In 2015, Kohl’s rolled out the capability to ship online orders placed on Kohls.com from its network of more than 1,100 stores across the country. In addition, by choosing the buy online, pick up in store option, customers can purchase items online and pick up from local Kohl’s store which has premier, designated parking for them.
We believe this new center will help Kohl’s to deliver products more quickly and efficiently, alongside enhancing customer experience amid a difficult sales scenario.
Kohl’s has a Zacks Rank #3 (Hold).
Better-ranked companies in the broader retail sector include Macy’s Inc. (M - Free Report) , J. C. Penney Company, Inc. and Big Lots, Inc. (BIG - Free Report) . All of these stocks hold a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Confidential from Zacks
Beyond this Analyst Blog, would you like to see Zacks' best recommendations that are not available to the public? Our Executive VP, Steve Reitmeister, knows when key trades are about to be triggered and which of our experts has the hottest hand. Click to see them now>>