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Bloomberg
Kohl’s Corp rose in early trading after CEO Michelle Gass said comparable sales gained ground in the latter part of the second quarter and that store traffic is on the rise, thanks to its partnership with Amazon.com.
While same-store sales fell 2.9 percent for the full quarter, missing analysts’ projections, according to Consensus Metrix, Kohl’s posted profit of $1.55 a share, excluding some items, topping estimates by 2 cents.
A successful start to the back-to-school season helped spur sales growth in August, Gass said. In July, Kohl’s started accepting Amazon returns at all of its stores.