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Why Kohl's Stock Is Trading Higher Today

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Why Kohl's Stock Is Trading Higher Today

Kohl's (NYSE: KSS) shares are trading higher on Tuesday after the company announced a partnership with Sephora to open Sephora 850 stores inside Kohl's shops by 2023.

Kohl's operates 1,159 department stores in 49 states that sell moderately priced private-label and national brand clothing, shoes, accessories, cosmetics, and home furnishings. Most of these stores are in strip centers. Kohl's also operates an e-commerce site (kohls.com) and 12 Fila athletic apparel outlets. Women's apparel constitutes Kohl's largest line of business, generating approximately 28% of its sales.

The retailer, headquartered in Menomonee Falls, Wisconsin, opened its first department store in 1962.

Kohl's shares were trading up 15.12% at $37.07 on Tuesday at the time of publication. The stock has a 52-week high of $51.60 and a 52-week low of $10.89.

 

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