Kohls Executive Says Digital Sales, Excluding The 53rd Week, Were Down About 10% In Quarter
Portfolio Pulse from Benzinga Newsdesk
A Kohl's executive reported that the company's digital sales, when excluding the impact of the 53rd week, experienced a decline of approximately 10% in the quarter.
March 12, 2024 | 1:12 pm
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Kohl's reported a 10% decline in digital sales for the quarter, excluding the 53rd week's impact.
The reported decline in digital sales is a significant indicator of Kohl's performance, especially as digital channels have become increasingly important for retail. This decline could signal challenges in Kohl's e-commerce strategy or execution, potentially impacting investor sentiment and the stock price negatively in the short term.
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