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Kohl's outstrips peers in best holiday season in years

Reuters 

By Vibhuti Sharma and Siddharth Cavale(Reuters) - Kohl's Corp posted far stronger same-store sales for the holidays than its bigger peers, as a revamp of its business model and a strategy to have more stand-alone department stores rather than at struggling shopping malls paid off.Kohl's shares jumped nearly 9 percent to $59.07 on Monday, their highest since December 2016, after the retailer reported a 6.9 percent rise in same-store sales for November and December, putting it on track for its best holiday quarter in three years.Analysts said that came courtesy of a revamp of Kohl's beauty ...

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First Published: Mon, January 08 2018. 22:47 IST
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