Kohl’s lost more than $500 million in Q1 amid COVID-19 store closures

Kohl’s Corp. sales dropped significantly in the first quarter of fiscal 2020 due to the temporary store closures prompted by the coronavirus and the Menomonee Falls-based retailer lost more than $500 million. Since May 4, Kohl’s has reopened 50% of its stores nationwide. During the company’s Q1 earnings conference call Tuesday morning, chief executive officer … Continue reading Kohl’s lost more than $500 million in Q1 amid COVID-19 store closures