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%

United Kingdom News News

United Kingdom United Kingdom Latest News,United Kingdom United Kingdom Headlines

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.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 12. in UK
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

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_

United Kingdom United Kingdom Latest News, United Kingdom United Kingdom Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

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?
Source: CNBC - 🏆 12. / 72 Read more »

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

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.
Source: CNBC - 🏆 12. / 72 Read more »