How Kohl's Can Outlast Retail's Slump
Department store stocks are struggling, to say the least. Before the COVID-19 pandemic, Amazon.com and e-commerce put many of the same goods one click away, saving a trip to the store. Then stay-at-home orders that forced traditional retail stores to close amplified that painful trend. Some brands like J.C. Penney have already gone under, and more closures are expected.
While department store footprints should and will shrink, I do not think they will entirely disappear -- the survivors will enjoy a less crowded and less competitive environment. One company is in a prime position to fight through daunting times and make it to the other side. That company is Kohl's (NYSE: KSS).
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Source Fool.com
