Tuesday, May 22, 2018

Kohl’s Climbs After Earnings Show Turnaround Gaining Steam

Bloomberg
Kohl’s Corp.’s turnaround is gaining steam just as a new leader takes the reins.

Chief Executive Officer Michelle Gass, previously the company’s chief merchandising officer, is looking to distance Kohl’s from other mall-based department stores. Rather than closing underperforming locations -- a strategy adopted by Macy’s Inc., J.C. Penney Co. and Sears Holdings Corp. -- Kohl’s has been touting the fact that its stores have remained open. It’s reformatting many into smaller venues and using them to test partnerships with companies like Amazon.com Inc. and Aldi supermarkets. . . . more