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Kohl's outperforms peers in strongest holiday season in years


By Vibhuti Sharma(Reuters) - Kohl's Corp reported far stronger same-store sales for November and December than its peers, vindicating the U.S. department store operator's tweaks to its business and offering more evidence of a strong Christmas for retailers.Kohl's shares jumped nearly 9 percent on Monday to $59.07, their highest since December 2016, following the sales performance that puts the company on track for its best holiday quarter in three years.The company's 6.9 percent rise in sales at stores open for at least a year topped the 1-4 percent growth posted by J.C. Penney Co Inc and ...

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First Published: Mon, January 08 2018. 21:46 IST