'We're really set up to capture what will be billions of dollars market share opportunity in the future,' Chief Executive Michelle Gass said Tuesday during a conference call.
to steal market share from struggling retailers and win over new customers as competitors go bankrupt and liquidate their stores.
She said the company is "actively pursuing opportunities to capture dislocated market share from competitors and store closures," with its more than 1,100 locations, 95% of which are situated outside of enclosed shopping malls. Much of the malaise in retail of late has stemmed from traditional mall-based retailers such as department stores and apparel brands.
Forty-four retailers — including Stein Mart, Pier 1 Imports, J.C. Penney, Sur la Table and Neiman Marcus — have filed for bankruptcy in 2020 so far, according to S&P Global Market Intelligence. And more than 6,000 permanent store closures have been announced already, Coresight Research said. Kohl's thinks it will be able to capitalize on this billion-dollar market share opportunity because its stores offer a broader array of merchandise, beyond just clothing, which includes toys, workout accessories and electronics.
Deutschland Neuesten Nachrichten, Deutschland Schlagzeilen
Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.
Kohl's posts smaller-than-expected loss, shares riseKohl'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.
Weiterlesen »
Home Depot quarterly sales soar 23% as consumers take on more DIY projects in pandemicHome Depot’s Q2 results beat Wall Street estimates: -EPS: $4.02 vs. $3.71 expected -Revenue: $38.05 billion vs. $34.53 billion expected FrankCNBC has more on the company’s strong quarter and the home improvement craze:
Weiterlesen »
Retailers Design the In-Store Experience for Reusable PackagingRetailers like Kroger are preparing for the arrival of reusable packaging—and are designing an in-store experience to get consumers on board too.
Weiterlesen »
Payless is back and opening its first US store in NovemberAfter filing for bankruptcy protection for the second time and shutting all of its 2,100 stores in the US last year, discount shoe chain Payless is attempting a comeback.
Weiterlesen »
Home Depot's stock surges after profit, sales rise well above expectationsShares of Home Depot Inc. undefined surged 2.4% into record territory in premarket trading Tuesday, after the retailer reported a fiscal second-quarter...
Weiterlesen »
Tesco to offer free grocery delivery in Amazon challenge - TelegraphU.K.-based retailer Tesco PLC will offer free grocery delivery in a bid to head off Amazon.com's attempt to break into the British online grocery market, according to the Telegraph.
Weiterlesen »