Kohl's shares soar as Amazon partnership ramps upKohl's shares soar as Amazon partnership ramps up
Kohl's is sleeping with the enemy and that may well be a good thing.
January 25, 2018
According to an article on CNBC, Kohl's is "sleeping with the enemy" and that's a good thing. The article quotes Jefferies analyst Randal Konik.
It's no surprise Amazon has been dubbed the enemy of the retail world, stealing market share from traditional players. But some (including Nike and Sears) have decided it's better to work with the e-commerce giant than clash and compete.
Last October, Kohl's started selling Amazon's smart home products and accepting the online retailer's returns at a handful of its U.S. stores. Since then, some people have made the case for Amazon outright acquiring Kohl's for its real estate and loyal customer base.
You May Also Like
The dollars and sense of sustainabilityFeb 18, 2023
Current Conditions for
New York, NY
Enter a zip code to see the weather conditions for a different location.