Kohl's said Tuesday that a strong start to the back-to-school season and new partnership with Amazon helped the retailer beat Wall Street earnings and sales expectations during the second quarter.
in an attempt to grow foot traffic at its stores. The companies' relationship began in the spring of 2017, when Kohl's began selling Amazon gadgets like the Fire TV and Echo Dot at its stores.to sell items such as licensed NFL jerseys and NBA T-shirts online.
The partnership made Fanatics the exclusive distributor of all licensed sports apparel and accessories for Kohl's. The initiative is part of a larger push into sports apparel by the retailer. It has also started lease out its own excess real estate to gym operatorThe company's stock has tumbled more than 27% since January, bringing its market value to around $7.8 billion.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Shares of China's Baidu pop over 8% after earnings beat as CEO says 'temporary pain' will pay offBaidu posted better-than-expected earnings for the June quarter, swinging back to profit and managing to stabilize its core ad business.
Read more »
Baidu earnings beat estimates on strong video streaming growthChina search engine operator Baidu Inc reported better-than-expected quarterly r...
Read more »
HuffPost is now a part of Oath
Read more »
Lance Bass Pledges to Buy Teachers' School Supplies With Cameo ProfitLance Bass has pledged to donate all of his Cameo earnings during the month of August to teachers struggling to purchase school supplies, TMZ reported Sunday (Aug. 18).
Read more »
19 Hilarious Back-To-School Tweets From Parents Who Have Been There'What wine pairs well with back to school supply shopping?'
Read more »
Company earnings give a better read on the economy than the bond market, Jim Cramer says'I explained over and over again: you get a much better read on the economy by listening to the conference calls of individual large companies,' Jim Cramer says.
Read more »