Retail Reality Check: JPMorgan Flags Kohl's Leverage Risks, Sees Signs of Stability At Vail And Foot Locker

JPMorgan analyst Matthew R. Boss has updated quarterly models for some department store companies.Here are his views on three retailers.Kohl’sDespite sales gains tied to in-store efforts like Sephora and Home Décor, Kohl’s Corporation KSS continues to face revenue declines in several segments—apparel, footwear, and legacy homes.The analyst also flagged structural risks to Kohl's store footprint, which makes up over half of U.S. department stores. Adjusted debt/EBITDAR ended 2023 at 3.6x—that’s well above th ...