Kohl’s shares jump after retailer reports 16% sales increase as shoppers buy clothes and makeup
Updated: Mar 16, 2022
PUBLISHED THU, NOV 18 20217:10 AM ESTUPDATED THU, NOV 18 20214:06 PM EST
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.
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