Retail News

Kohl’s quarter strengthened by back-to-school sales and Amazon collaboration

TheStreet 08/20/2019

Although Kohl’s posted lower net income than its year-ago quarter — $247 million, or $1.55 a share, vs. $292 million, or $1.76 a share — the chain managed to beat analysts’ expectations on that and other key indicators. CEO Michelle Gass expressed confidence in the chain’s progress in cutting costs to maintain margins while instituting a number of progressive initiatives. “We are confident that our upcoming brand launches, program expansions, and increased traffic from the Amazon returns program will incrementally contribute to our performance during the balance of the year and beyond,” Gass said.

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