Kohl's stock rises 1.12% and outperforms some rivals
Updated
Updated · MarketWatch · May 6
Kohl's stock rises 1.12% and outperforms some rivals
12 articles · Updated · MarketWatch · May 6
Shares closed at $14.41 on Wednesday, marking a second straight gain as the S&P 500 rose 1.46% and the Dow added 1.24%.
Kohl's beat Amazon's 0.53% rise, Walmart's 0.54% fall and Target's 1.06% gain during the session.
Despite the advance, the stock remains 42.86% below its 52-week high of $25.22, while trading volume of 3.1 million stayed well below its 50-day average.
With analysts calling its plan a 'nothing burger,' can Kohl's new strategy actually revive its struggling business?
As most retailers fail at omnichannel, can Kohl's technology truly unify its online and in-store shopping experience?