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Stock impact report

Kohl's Amazon Partnership Is Looking Like a Bust [The Motley Fool]

Kohl's Corporation (KSS) 
Last kohl's corporation earnings: 3/3 07:00 am Check Earnings Report
US:NYSE Investor Relations: corporate.kohls.com/investors
Company Research Source: The Motley Fool
Kohl's Amazon Partnership Is Looking Like a Bust After a disappointing holiday sales report, accepting Amazon returns doesn't appear to be the growth driver management had hoped it would be. In 2017, Kohl's ( NYSE:KSS ) made a surprising move. The mid-market department store chain said it would accept Amazon ( NASDAQ:AMZN ) returns at a handful of its stores. At the time, it seemed like an odd move, as Kohl's essentially looked like it was doing Amazon a favor by processing and packaging customers' returns. Kohl's also allowed Amazon to set up in shop in stores, selling products like Echo devices. After testing the Amazon returns program at 82 stores for nearly two years, Kohl's expanded it nationwide in 2019, apparently pleased with the results. At the time, CEO Michelle Gass said, "This new service is another example of how Kohl's is delivering innovation to drive traffic to our stores and bring more relevance to our customers." Kohl's doesn't appear to be taking any direct paymen Show less Read more
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