1316 ET - Kohl's same-store visits grew in both June and July, marking the chain's first back-to-back monthly gains in roughly two years, according to a recent Placer.ai report. The hot streak comes after its traffic decline moderated in 2Q to 1.4% from a 7.7% slide in 1Q, the report says. Kohl's has been working to sharpen its positioning as a local, value-focused stop for everyday errands as it looks to buck a downturn across the department store industry, Placer.ai says. "The chain could be poised for sunnier days if visits maintain their early-summer trajectory," the report says. Kohl's is slated to report 2Q results next week.
At the request of the copyright holder, you need to log in to view this content
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.