• IGRE

Kohl’s shares jump after retailer reports 16% sales increase as shoppers buy clothes and makeup

Updated: Mar 16

PUBLISHED THU, NOV 18 20217:10 AM ESTUPDATED THU, NOV 18 20214:06 PM EST


KEY POINTS


  • Kohl’s saw sales rise by 16% in the third quarter, as shoppers bought clothes and makeup.

  • The department store also raised its forecast for the year.

  • The retailer has been trying to draw customers to its stores and website by expanding its assortment of casual clothing and teaming up with Sephora.

https://www.cnbc.com/2021/11/18/kohls-kss-q3-2021-earnings-.html



Unbelievable progress with regard to store and digital sales, increasing stock prices and the new Sephora “in store” cosmetics sections. We have a new Sephora sales section and an Amazon drop off station in our Menominee Falls Kohl’s. Their presence has been a major contributor to increasing traffic counts and attracting new younger customers, says William Levy Santa Barbara, Senior Director/Founder, Investment Grade R.E. Income Fund, LP. Based in Santa Barbara, CA - www.igrefund.com/news

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