Amazon.com

Kohl's Stock Soars 12% as Amazon Partnership Goes Nationwide


In late 2017, 82 Kohl's ( NYSE:KSS ) stores in the Chicago and Los Angeles regions became returns centers for Amazon.com ( NASDAQ:AMZN ).


2 U.S. department store chain and the e-commerce leader, Amazon customers gained the ability to return unwanted items to those Kohl's locations.


For example, while Amazon pays for return shipping for certain items -- including most clothing, shoes, watches, and jewelry -- customers must foot the bill for many other purchases.


Meanwhile, national omnichannel retailers like Kohl's offer customers a choice between going to a convenient store location or buying items online.


The company noted in an SEC filing that rolling out the returns program nationwide would impact both sales growth and operating expenses for the remainder of fiscal 2019 and beyond.


However, this piece of news may have helped fuel the rally in Kohl's stock on Tuesday by reviving hopes that Amazon might eventually acquire the brick-and-mortar chain.






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