Kohl's Corp posted a smaller-than-expected quarterly loss on Tuesday, as the department-store chain reopened most of its stores that were shuttered for weeks to curb the spread of the novel coronavirus.
FILE PHOTO: The sign outside a Kohl's store is seen in Broomfield, Colorado February 27, 2014. REUTERS/Rick Wilking
Wall Street also expects Kohl’s to outperform its peers, as only about 5% of the company’s stores are located in malls, which have seen traffic plummet much more due to the pandemic compared to strip-malls, where most of the chain’s stores are located.
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