What a yr it has been for Kohl’s. A poison pill, a proxy fight and a failed sale process later, Kohl’s now begins the actual work: Proving to traders that it’s nonetheless price sticking round.
Its second quarter didn’t stray too removed from Wall Road’s subdued expectations. Comparable-store sales declined by 7.7% within the quarter ended July 30 in contrast with a yr earlier, barely higher than anticipated. Internet revenue declined 63% to $143 million, falling 3.9% wanting what analysts polled by Seen Alpha had been penciling in.
