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Stockreport

Kohl's and Aldi are going to be neighbors [USA TODAY]

KOHL'S (KSS)  More Company Research Source: USA TODAY
Last kohl's earnings: 5/22 07:00 am Check Earnings Report
US:NYSE Investor Relations: corporate.kohls.com/investors
PDF FILE - This Thursday, Jan. 5, 2017, file photo shows a Kohl's department store, in Doral, Fla. Kohl's Corp. reports earnings, Thursday, Aug. 10, 2017. (AP Photo/Wilfredo Lee, File) ORG XMIT: NYBZ402 (Photo: Wilfredo Lee, AP) CONNECT TWEET LINKEDIN COMMENT EMAIL MORE Kohl's and Aldi are going to be very close neighbors.  The retailer, which is shrinking the size of roughly a dozen stores, will lease the newly opened space at several locations to Aldi, the German discount grocery chain that has been making an aggressive push into the U.S. The grocer will not set up shop inside the Kohl's stores but will be right next door, in a pilot that Kohl's says will include 5 to 10 locations. The two companies could be a good fit. Aldi, has said that it is planning to open 900 more stores in the U.S. in the next five years. And It's typically 12,000 square foot supermarkets take up less space than traditional groceries, with only enough room for about five a [Read more]

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