Kohl’s Quarterly Profit, Comp Sales Beat Estimates

www.oann.com | 2/21/2017 | Staff
MonkeyBubble (Posted by) Level 3
(Reuters) – Department store operator Kohl’s Corp reported better-than-expected quarterly profit and comparable sales, helped by a sales boost in the final month of the quarter and cost cuts, sending its shares up 4 percent in premarket trading.

Kohl’s and rivals such as Macy’s Inc and J.C. Penney Co Inc have been struggling with declining mall traffic and tough online competition.

Response - Costs - Stores - Estate - Leash

In response, they have been cutting costs by closing stores, selling or leasing their real estate and keeping a tight leash on inventory.

Sales at Kohl’s stores open for more than a year fell for the sixth straight quarter to 0.4 percent, but were better than the...
(Excerpt) Read more at: www.oann.com
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