Kohl's Savvy Inventory Management May Save the Company
It wasn't "good" by any stretch of the imagination. The coronavirus pandemic has arguably crimped retailers more than any other industry. But, department store chain Kohl's (NYSE: KSS) handily topped its second-quarter estimates, sales, and earnings. It was a much-needed glimmer of hope that the company and a few of its peers may just survive the COVID-19 contagion.
Among most of its rivals, however, Kohl's is doing one thing as well as -- if not better than -- most. It's keeping unneeded inventory out of its stores, where it can be damaged, stolen, and marked down. That in turn keeps the store chain more financially flexible than some of its competition as we move into the final months of 2020.
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Source Fool.com
