Kohl’s (KSS) reports Q2 2020 loss per share


Kohl’s revenue fell 23% during the fiscal second quarter, the retailer said Tuesday, which wasn’t as bad as analysts feared as the coronavirus pandemic forced stores to close across the U.S. and many shoppers stayed home. 

Instead, dollars shifted online, and Kohl’s digital sales soared 58% compared with a year ago. Shoppers stocked up on workout gear, pajamas, toys and cozy clothing. Its online business made up 41% of total sales during the quarter, the company said, compared with 20% one year earlier. 

Still, the retailer offered a grim outlook ahead of the all-important holiday season, on the same morning big-box retailers Walmart and Home Depot reported results that crushed Wall…


Another warning from 1918 Spanish flu for COVID-19: ‘Survival does not mean that individuals fully recovered’

Previous article

Electric-vehicle IPO Canoo will raise funds to build ‘loft on wheels’

Next article

You may also like

Leave a Reply

Notify of

More in Retail