REUTERS: Department store operator Kohl's Corp reported better-than-expected quarterly profit and revenue on Tuesday and said it expects to benefit from newer partnerships and the expansion of its Amazon returns program in the second half of the year.
The retailer has also teamed up with millennial-focused Popsugar to launch a new line of clothes and announced last week it would sell a selection of emerging brands online and in more than 50 stores, with Facebook helping it to identify trendy brands. However, the company said that its comparable sales turned positive during the last six weeks of the second quarter with 1per cent growth."This positive trend has continued into August driven by a successful start to the back-to-school season. We are confident that our upcoming brand launches, program expansions, and increased traffic from the Amazon returns program will incrementally contribute to our performance," Chief Executive Officer Michelle Gass said.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Singapore Latest News, Singapore Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
China's Baidu beats earnings expectations, shares rallyChinese internet search giant Baidu Inc beat quarterly earnings estimates on Monday after signing more people up to its video streaming service, ...
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »
Baidu Q2 revenue beats expectations but profit dropsChinese internet giant Baidu regained momentum during the second quarter, posting better-than-expected revenue on Tuesday thanks to strong traffic growth, though it also announced a huge drop in net profit. The Beijing-based search leader said its total revenues rose 1.4 percent to 26.3 billion yuan
Source: YahooSG - 🏆 3. / 71 Read more »
Xiaomi posts 15% rise in second-quarter revenue, below expectationsChina's Xiaomi Corp reported a smaller-than-expected 15 per cent growth in quarterly revenue on Tuesday as fewer people bought smartphones at home ...
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »
Chinese smartphone maker Xiaomi posts 15% rise in sales, misses estimatesChina's Xiaomi Corp reported a smaller-than-expected 15 per cent growth in quarterly revenue on Tuesday as fewer people bought smartphones at home ...
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »
RE&S posts 32.9% fall in Q4 net profit on outlet closuresCATALIST-LISTED Japanese food and beverage group RE&S Holdings saw net profit fall 32.9 per cent to S$628,000 for the fourth quarter ended June 30, down from S$936,000 in the year-ago period, it said in a regulatory filing on Monday after market close. Read more at The Business Times.
Source: BusinessTimes - 🏆 15. / 51 Read more »
HMI posts 11% fall in Q4 net profit to 13.5m yuanHEALTH Management International (HMI) on Monday announced net profit fell 11 per cent to 13.5 million yuan (S$2.65 million) for the fourth quarter ended June 30, down from 15.2 million yuan in the year-ago period. Read more at The Business Times.
Source: BusinessTimes - 🏆 15. / 51 Read more »