Kohl's earnings: Holiday sales beat Wall Street estimates

, which started selling Lands' End Inc's comfy clothes last year, now plans to launch its own athleisure brand FLX as it looks to increase store space allotted for activewear.

Net sales fell to $5.88 billion in the fourth quarter from $6.54 billion a year earlier. The market expectation was $5.86 billion, according to IBES data from Refinitiv. The mid-priced chain said it expects earnings per share to be between $2.45 and $2.95 for 2021, excluding certain charges. It is largely in line with expectation of $2.67 per share.LoadingBy clicking ‘Sign up’, you agree to receive marketing emails from Insider as well as other partner offers and accept our

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