Kohl’s raises full-year net sales forecast By Reuters
© Reuters. FILE PHOTO: A Kohl’s department store is seen in Austin, Texas, the United States, January 5, 2017. REUTERS / Mohammad Khursheed / File Photo
(Reuters) – Kohl’s Corp (NYSE 🙂 on Thursday raised its full-year net sales forecast as the department store chain, like rival Macy’s Inc (NYSE :), took advantage of the fact that Americans have come out to shop more after the pandemic restrictions were eased.
The company said it expects 2021 net sales to increase in the mid-twenties percentage range, compared to a previous forecast for a percentage increase in the low twenties.
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