Kohl's Corp, a US-based leading omnichannel retailer, has announced that its second quarter (Q2) sales jumped 30.5 per cent of $4.2 billion (Q2 FY20: $3.4 billion) exceeding expectations. With strong first half under its belt, the company has raised its outlook for fiscal 2021 and expects sales to rise in low-twenties percentage compared to previous year.
Kohl's Corp, a US-based leading omnichannel retailer, has announced that its second quarter (Q2) sales jumped 30.5 per cent of $4.2 billion (Q2 FY20: $3.4 billion) exceeding expectations. With strong first half under its belt, the company has raised its outlook for fiscal 2021 and expects sales to rise in low-twenties percentage compared to previous year.#
The company benefitted from higher store sales as shoppers returned to stores. Moreover, the American retailer also achieved highest Q2 operating margin in a decade through an intense focus on inventory management, pricing & promotion optimisation and disciplined expense management.
Kohl's Corp, a US-based leading omnichannel retailer, has announced that its second quarter (Q2) sales jumped 30.5 per cent of $4.2 billion (Q2 FY20: $3.4 billion) exceeding expectations. With strong first half under its belt, the company has raised its outlook for fiscal 2021 and expects sales to rise in low-twenties percentage compared to previous year.#
“Our performance in the second quarter marked another important step in further establishing Kohl’s as the leading destination for the active and casual lifestyle. As pleased as we are with our ongoing strategic progress, much of our opportunity is still ahead of us,” Michelle Gass, Kohl’s chief executive officer, said in a press release.
Kohl's Corp, a US-based leading omnichannel retailer, has announced that its second quarter (Q2) sales jumped 30.5 per cent of $4.2 billion (Q2 FY20: $3.4 billion) exceeding expectations. With strong first half under its belt, the company has raised its outlook for fiscal 2021 and expects sales to rise in low-twenties percentage compared to previous year.#
“We are on the eve of launching several transformational partnerships that will drive sustainable growth for years to come,” Gass added.
Kohl's Corp, a US-based leading omnichannel retailer, has announced that its second quarter (Q2) sales jumped 30.5 per cent of $4.2 billion (Q2 FY20: $3.4 billion) exceeding expectations. With strong first half under its belt, the company has raised its outlook for fiscal 2021 and expects sales to rise in low-twenties percentage compared to previous year.#
The company’s operating income for the quarter ended on July 31, 2021, climbed to $570 million (Q2 FY20: $118 million), while net income increased to $382 million ($47 million).
Kohl's Corp, a US-based leading omnichannel retailer, has announced that its second quarter (Q2) sales jumped 30.5 per cent of $4.2 billion (Q2 FY20: $3.4 billion) exceeding expectations. With strong first half under its belt, the company has raised its outlook for fiscal 2021 and expects sales to rise in low-twenties percentage compared to previous year.#
“Based on our results, we are raising our full year 2021 guidance, which positions us to achieve many of our 2023 strategic goals this year, well ahead of our plan. In addition, we have accelerated our share repurchase activity, underscoring our confidence in the business and our commitment to creating shareholder value,” Gass concluded.
Fibre2Fashion News Desk (JL)
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