Retail News

Kohl’s shares gain as retailer beats expectations

Bloomberg 05/22/2018

Shares of Kohl’s stock rose as much as 6.2 percent in early trading today as the retailer posted a same-store sales increase of 3.6 percent in the first quarter. The chain’s incoming CEO, Michelle Gas, said the company’s margins were at the high end of internal expectations based on inventory management improvements.

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