Kohl's Ejected From the S&P 500 Index, Rolls Out New Loyalty Program

Already hammered by the twin blows of the retail apocalypse and the coronavirus outbreak, Kohl's (NYSE: KSS) has now been pounded by another. S&P Dow Jones Indices, the company that operates the S&P 500 stock index, announced that the retailer will no longer be a component of the benchmark index starting before market open on Monday, Sept. 21.

Kohl's is one of three stocks that is being removed from the S&P 500. The other two are tax preparation specialist H&R Block and cosmetics company Coty. All three are being moved to the S&P MidCap 400 index; H&R Block and Coty will make the transition on the same date and time as Kohl's.

Image source: Kohl's.

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Source Fool.com