Reported about 19 hours ago
Kohl’s stock surged approximately 20% after the company's sales decline was less severe than analysts anticipated, marking a potential turnaround for the retailer following the dismissal of its CEO. Despite continuing to lose market share and having a drop in comparable sales, Kohl’s improved profits in the last quarter and raised its sales guidance for the year. The stock has benefitted from increased attention on social media, resulting in a over 150% rise since April.
Source: YAHOO