Gamestop – Kohl’s quarterly sales beat estimates
Aug 19 (Reuters) – Kohl’s Corp (KSS.N) beat quarterly sales estimates on Thursday as the department store chain, like rival Macy’s Inc (M.N)
, benefited from Americans returning to brick-and-mortar stores, following the roll out of COVID-19 vaccines.
Net sales rose to $4.22 billion from $3.21 billion in the second quarter ended July 31, compared with analysts’ estimates of $4.02 billion, according to IBES data from Refinitiv.
Reporting by Uday Sampath in Bengaluru; Editing by Maju Samuel
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