Shares of Kohl’s surged nearly 8% on Thursday after the company reported fiscal second-quarter earnings that beat expectations and raised its forecast for the year, as shoppers headed back to its stores.
Kohl’s is optimizing its pricing and promotional strategies as it manages through the tight inventories, which is helping to deliver significant margin improvement and profitability year-to-date, said Dana Telsey, CEO and chief research officer at Telsey Advisory Group, in a research note.
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