Kohl’s Sales Plunge 41% in Q1
That led to a loss of $541 million against income of $62 million for the 13 weeks ended May 2 on sales of $2,428 million this year compared to $4,087 million prior. KSS is just now getting back to having half its store base reopened and it has seen the expected improvements in its digital business with a 24% increase in the quarter that accelerated to a 60% gain in April. But the chain made it clear that it expects a slow recovery and is planning inventory receipts below its sales expectations as it works down its ... Log in to view full article.