Kohl’s is coming in hot. For Black Friday, that is. The Menomonee Falls, Wisconsin-based retailer plans to give away more than $1 million in prizes in stores on Black Friday, and is starting a month of savings with an early access sale and a preview of a Black Friday ad.
The retailer will award prizes worth more than $1 million to in-store shoppers on November 25 as part of its TGIBF sweepstakes.
It’s no longer just Black Friday, the event has morphed into Black Friday Week at Kohl’s and other retailers. Kohl’s is also planning two days of Black Friday Flash sales. A Black Friday early access event begins today offering more days to save than before.
Kohl’s reported second quarter comparable sales decreased 7.7% and net sales decreased 8.5%, and second quarter diluted earnings per share of $1.11.
“Second quarter results were impacted by a weakening macro environment, high inflation and dampened consumer spending, which especially pressured our middle-income customers,” CEO Michelle Gass said in August. “We have adjusted our plans, implementing actions to reduce inventory and lower expenses to account for a softer demand outlook.”
Retailers across the price spectrum are hitting sales and promotions hard this year. With the Federal Reserve this week raising interest rates 0.75%, the fourth consecutive rate hike in 2022, economists expect consumers to pull back and retailers are trying every trick in the book to goose sales.
The first 200 Kohl’s customers at each store will have the chance to win one of thousands of prizes – from a family trip to LEGOLAND, to prizes from top brands including Shark, Ninja, Cuisinart, and Samsonite, as well as Sephora at Kohl’s gift cards and Kohl’s Cash.
Kohl’s Black Friday Early Access event starts today with hundreds of deals through Thursday, Nov. 10, which is one day longer than last year. New this year, customers shopping Kohls.com will receive free shipping on any order over $25, and earn $15 in Kohl’s Cash for every $50 spent for purchases made today.
From Saturday November 5 to Thursday November 10, shoppers can receive $10 Kohl’s Cash for every $50 spent. There’s also a Sephora holiday savings event today through Monday November 7. Beauty Insiders will receive 10% to 20% off their purchases using the code SAVINGS, or can take 30% off Sephora Collection purchases using code SCSAVE.
There’s still more. Dashing Deal Days events – Nov. 11 through Nov. 12 and Nov. 18 through Nov. 19 – leading up to Black Friday Week. Customers will find deals on key gifting categories, including toys, home, active and casual apparel, and more. Plus, there are additional ways to save:
Kohl’s is offering savings to last-minute shoppers, including an extra 15% off purchases from Sunday, November 20 to Friday, November 25. Black Friday Flash Steals will he held online on Thursday, November 24, and in-store and online on Friday, November 25.
Examples of deals include Sonoma Goods for Life, and Croft & Barrow flannel tops for women and juniors $8.49 with 15% off coupon online and in stores; select styles of Barbie, Disney Princess, Hot Wheels, and 5 Surprise in-store only; Sonoma Goods For Life faux fur boots and sneakers for women, select styles $12.74, extra 15% off with coupon; $299.99 VIZIO V-Series 50-inch 4K HDR smart TV, consumers can earn $90 in Kohl’s Cash, and 1/4 ct. total weight diamond rings in sterling silver for $35.69 with a 15% off coupon.