News Formal

Kohl's reports better-than-expected earnings and revenue on strong start to back-to-school season

  • 📰 CNBC
  • ⏱ Reading Time:
  • 20 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 11%
  • Publisher: 72%

Sverige Nyheter Nyheter

Sverige Senaste nytt,Sverige Rubriker

Kohl's said Tuesday that a strong start to the back-to-school season and new partnership with Amazon helped the retailer beat Wall Street earnings and sales expectations during the second quarter.

in an attempt to grow foot traffic at its stores. The companies' relationship began in the spring of 2017, when Kohl's began selling Amazon gadgets like the Fire TV and Echo Dot at its stores.to sell items such as licensed NFL jerseys and NBA T-shirts online.

The partnership made Fanatics the exclusive distributor of all licensed sports apparel and accessories for Kohl's. The initiative is part of a larger push into sports apparel by the retailer. It has also started lease out its own excess real estate to gym operatorThe company's stock has tumbled more than 27% since January, bringing its market value to around $7.8 billion.

 

Tack för din kommentar. Din kommentar kommer att publiceras efter att ha granskats.

Kohl's has clearly hit a few rough patches lately, but with fans of the retailer expecting a stronger economy – and with the potential buying power of a maturing Generation X – the idea of a turnaround may be on the table. JasmineWu_

Vi har sammanfattat den här nyheten så att du kan läsa den snabbt. Om du är intresserad av nyheterna kan du läsa hela texten här. Läs mer:

 /  🏆 12. in SE

Sverige Senaste nytt, Sverige Rubriker

Similar News:Du kan också läsa nyheter som liknar den här som vi har samlat in från andra nyhetskällor.

Shares of China's Baidu pop over 8% after earnings beat as CEO says 'temporary pain' will pay offBaidu posted better-than-expected earnings for the June quarter, swinging back to profit and managing to stabilize its core ad business. When does China get Twitter?
Källa: CNBC - 🏆 12. / 72 Läs mer »

Baidu earnings beat estimates on strong video streaming growthChina search engine operator Baidu Inc reported better-than-expected quarterly r...
Källa: Reuters - 🏆 2. / 97 Läs mer »

Company earnings give a better read on the economy than the bond market, Jim Cramer says'I explained over and over again: you get a much better read on the economy by listening to the conference calls of individual large companies,' Jim Cramer says. Oh, really? Apple reported lower revenue in 2019 than the same period in 2018. Well, their creative accounting for earnings is certainly more advanced than the bond market. An observation about companies obsessed with the next quarter’s performance versus debt investors trying to look years into the future.
Källa: CNBC - 🏆 12. / 72 Läs mer »