Kohl's Delivers Strong Second-Quarter Results
Like most of its department-store peers, Kohl's (NYSE: KSS) has experienced a sales slowdown in recent years, as the rise of e-commerce has undermined traffic at brick-and-mortar stores.
Sales fell again in the second quarter. However, the pace of decline slowed, showing that Kohl's sales-driving efforts are starting to gain traction. Profitability remained strong as well. This should provide long-term investors greater confidence that Kohl's can be a winner in the fast-changing retail industry.
Sales growth has been sluggish -- or nonexistent -- at Kohl's since the Great Recession. Indeed, the company has posted comparable-store sales declines in three of the past four years, including a 2.4% drop last year.
Source: Fool.com
