Kohl's Corp reported a surge in online sales in its coronavirus-hit first quarter on Tuesday and said it had reopened nearly half its stores as lockdowns eased across the United States, sending its shares around 5% higher.
FILE PHOTO: The sign outside a Kohl's store is seen in Broomfield, Colorado February 27, 2014. REUTERS/Rick Wilking
Kohl’s was forced to close all its U.S. stores to curb the spread of the virus, hammering sales and sending shares in the retailer some 63% lower so far this year. “We have begun the rebuilding process, recently reopening about 50% of our stores across the country,” Michelle Gass, chief executive officer, said.
The results come at a time peers when J.Crew, Neiman Marcus and J.C. Penney have filed for bankruptcy protection due to huge losses.
Deutschland Neuesten Nachrichten, Deutschland Schlagzeilen
Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.
Walmart sales surge at stores and online on coronavirus-led demandWalmart Inc beat Wall Street expectations with its quarterly revenue and earnings on Tuesday and reported record U.S. online sales as stockpiling drove consumers to its stores and website during the coronavirus pandemic, sending its shares up 3%.
Weiterlesen »
Kohl's sales tank almost 44% as coronavirus slams the retailerKohl's net sales tanked 43.5% during the first quarter, the company said Tuesday, as its stores were forced temporarily shut due to the Covid-19 crisis.
Weiterlesen »
Take That reunion confirmed - and Robbie Williams will be singing with the bandTake That are reuniting for an online lockdown concert to help raise money for charity amid the coronavirus pandemic
Weiterlesen »
Has Retail Hit Rock Bottom?With stores now beginning to reopen across the country, it’s possible that sales can’t get any worse. Is this rock bottom?
Weiterlesen »
California reopening: Tracking progress across countiesAs parts of our state begin to reopen, we're keeping track of what's closed and what's open in each California county.
Weiterlesen »
Apple's retail reopening plan: Temperature checks, mandatory masks and 25 stores to reopen this weekApple released a set of guidelines its retail stores will follow as they reopen.
Weiterlesen »