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Stockreport

Kohl's is cashing in as the retail apocalypse decimates its competitors [DailyFinance (AOL.com)]

KOHL'S (KSS)  More Company Research Source: DailyFinance
Last kohl's earnings: 5/22 07:00 am Check Earnings Report
US:NYSE Investor Relations: corporate.kohls.com/investors
PDF Bon-Ton Stores filed for bankruptcy Sunday  after announcing dozens of store closures. Analysts say this could create an opportunity for Kohl's to cash in on lost foot traffic, as it has many stores located nearby. Kohl's is benefiting from its competitors' store closures and has reported stronger-than-expected sales numbers. 100-year-old department-store chain Bon-Ton Stores filed for bankruptcy  Sunday after announcing dozens of store closures earlier that week.  Bon-Ton Stores has 260 stores in the US, most of which are located in the Northeast and Midwest . Analysts believe that these store closures could present an opportunity for Kohl's, given the proximity of its stores.  Of the 47 Bon-Ton stores that have been slated to close between January and April 2018, 33 are within a five-mile drive of a Kohl's location, Jefferies analyst Randal Konik wrote in a note to investors on Monday.  RELATED: Retailers that filed for bankruptcy in 2017 1 [Read more]

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