Kohl's is cashing in as the retail apocalypse decimates its competitors [The Business Insider]
Kohl's Corporation (KSS)
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Source: The Business Insider
Kohl's is cashing in as the retail apocalypse decimates its competitors Kohl's is cashing in on the retail apocalypse. Facebook/Kohl's 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. Konik is advising investors to buy Kohl's stock. "We believe the materialization of Bon-Ton's closures could be a cherry on top to accelerating fundamentals at Kohl's this year," he wrote. While department-store chains across the country have announced store closures and report
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KSS
Earnings
- 3/12/24 - Beat
KSS
Sec Filings
- 4/5/24 - Form 4
- 4/5/24 - Form 4
- 4/5/24 - Form 4
- KSS's page on the SEC website