$KSS Kohls benefits from Amazon unlike others. BullishThe news that AMZN returns will now be accepted at all Khol's stores nationwide resulted in a spike of 12% in the retailers stock price last Tuesday.
"We are thrilled to bring Amazon Returns at Kohl's to all of our stores across the country," said CEO Michelle Gass. "Amazon and Kohl's have a shared passion in providing outstanding customer service, and this unique partnership combines Kohl's strong nationwide store footprint and omnichannel capabilities with Amazon's reach and customer loyalty."
"This new service is another example of how Kohl's is delivering innovation to drive traffic to our stores and bring more relevance to our customers," she added.
It is a win win for both companies, for Amazon, the deal allows customers to easily return unwanted items. For Kohl's, the arrangement brings in lots of foot traffic that are likely to make a purchase while in store.
We see another attempt at breaking the $80 barrier resulting in a major uptrend to $90.
