Kohl's Corp said the coronavirus crisis would have a material impact on results this year as it removed eight brands including Jennifer Lopez, Juicy Couture and Popsugar from its stores and warned demand for women's apparel would remain weak.
) said the coronavirus crisis would have a material impact on results this year as it removed eight brands including Jennifer Lopez, Juicy Couture and Popsugar from its stores and warned demand for women’s apparel would remain weak.
The mid-priced chain reported a 24% surge in online sales in the quarter and more than 60% in April and said it had now reopened nearly half its U.S. stores as lockdowns eased. “Our financial performance, like many other retailers, will be materially impacted by COVID-19 in 2020,” Chief Executive Officer Michelle Gass told a post-earnings call.
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