Kohl’s Stock Soars on Strong Holiday Sales
On January 8, Kohl’s (KSS) stock rose 4.7% to $56.90 in reaction to the news of impressive holiday sales. Kohl’s same-store sales rose 6.9% in the 2017 holiday season, which consists of November and December. Kohl’s also raised its earnings guidance for fiscal 2017 after these strong holiday numbers.