Why Kohl's Stock Jumped Almost 25% This Week
Shares of discount retailer Kohl's (NYSE: KSS) rallied 24.7% this week through Thursday trading, according to data from S&P Global Market Intelligence.
Kohl's stock had been under pressure this year, not only because tariffs threatened a portion of its apparel business, but also due to continued revenue declines amid the shift to e-commerce as well as the recent firing of its CEO.
Earlier this week, there was some relief on the tariff front regarding the highly punitive China tariffs put on in early April. In addition, the company also proposed refinancing a significant portion of its debt, which would extend the maturity of that debt from this year to 2030. Finally, the company also declared its dividend, perhaps allaying fears of a cut amid Kohl's declining same-store sales.
Source Fool.com
