Kohl's posts smaller-than-expected loss, shares rise

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Kohl's posts smaller-than-expected loss, shares rise
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Kohl's Corp posted a smaller-than-expected quarterly loss on Tuesday, as the department-store chain reopened most of its stores that were ...

Kohl's Corp posted a smaller-than-expected quarterly loss on Tuesday, as the department-store chain reopened most of its stores that were shuttered for weeks to curb the spread of the novel coronavirus.

Shares of the company, which have more than halved in value this year, rose over 3per cent before the bell.Kohl's, like several peers, has seen its online sales increase following the lockdowns, helped by its introduction of curbside pick-up option, partnership with Snapchat and promotion of educational toys and virtual learning tools on its website.

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