Kohl’s beats profit estimates on cost cuts, leaner inventory – ET Retail
Kohl’s Corp beat estimates for quarterly profit on Wednesday, as leaner inventories, lower costs and fewer discounts helped the department store chain counter a broader retail slowdown. Shares of Kohl‘s, which fell more than 10% on Tuesday, were up 3.5% as the company joined peer department store operator Macy’s to also back its 2023 forecasts….