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Can Aldi Really Help Kohl's Grow Sales? [The Motley Fool]

KOHL'S (KSS)  More Company Research Source: The Motley Fool
Last kohl's earnings: 5/22 07:00 am Check Earnings Report
US:NYSE Investor Relations: corporate.kohls.com/investors
PDF The supermarket chain may not be the best partner for the clothing retailer. Rich Duprey ( TMFCop ) Mar 10, 2018 at 4:37PM Kohl's ( NYSE:KSS ) can't fully use all of the space its stores offer, so in January, it unveiled a plan to divvy up space and rent out the underutilized square footage to grocery stores. During its fourth-quarter earnings call with analysts earlier this month, it was revealed that discount supermarket chain Aldi would be the first tenant under this new plan. Kohl's might be excited about its big idea, but I'm not sure this tenant choice is the best one. A two-for-one deal There is some merit to Kohl's plan in that not only can the retailer recoup some money from the leases, but the tenants might also bring in new customers, too, as supermarkets tend to be high-traffic stores. Yet unlike shopping at Target or Walmart , [Read more]

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