Kohl’s Profits Plunge on 5% Lower Sales
Kohl’s called out active and outdoor apparel as bright spots in an otherwise down quarter, helped by repositioning those categories to the front of the store, and better allocations from key brands. As usual, Nike, Adidas, Under Armour and Champion were called out as leading sales in active, and Eddie Bauer, Lands’ End and Under Armour Outdoor drove sales in that category. Active women’s and men’s apparel were positive comping against last year’s huge quarter, but Footwear and children’s apparel was down. The entire category is up double digits from pre-pandemic levels, however. Home and children’s were both down double ... Log in to view full article.