Retail

Kohl’s Amazon tie-up was seen as a game changer, sluggish holiday sales suggest not

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Amazon.com Inc. parking signage stands outside a Kohl’s Corp. department store in Huntington Beach, California, U.S., on Saturday, May 11, 2019.

Kyle Grillot | Bloomberg | Getty Images

Kohl’s tie-up with Amazon was supposed to be a boon to the department store chain, which is teetering between sales gains and declines.

But any benefits from accepting Amazon returns in its stores, and all of that expected new customer traffic, are now in doubt after Kohl’s released its holiday sales results Thursday. 

After announcing the deal in 2017 and testing it in about 100 Kohl’s stores, this was the first holiday season that Kohl’s accepted returns for items purchased on Amazon in all of its more…



Source cnbc.com

Jim Cramer says ‘Kohl’s is just roadkill’ after ‘terrible’ holiday sales

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