Kohl’s Reports Improved Comp Sales, Stock Increases

Kohl’s appears to have at least some wind in its sails as it reported Q1 comp sales dipping 1.1% in its fiscal first quarter, an improvement over the 2.8% quarterly slide it endured the prior year. Share prices improved by as much as 22% in early morning trading on May 28. “We’re not done. I think it’s really important to underscore that as well, that we love the trajectory of where things are headed, but we know we still have a lot of work ahead of us,” CEO Michael Bender told CNBC (more).