Tuesday, March 3, 2020

Kohl's beats holiday-quarter profit estimates as Amazon partnership pays off

Reuters
Kohl’s Corp beat tempered expectations for holiday-quarter profit on Tuesday as its partnership with Amazon.com brought in more shoppers, and said it would exit some women’s brands to revive the struggling business.

The retailer was one of the department store chains to log lower sales for the holiday period, raising questions about the prospects of brick-and-mortar businesses in the face of fierce competition from online retailers.. . . more