Kohl’s Raises Guidance, but Active Underperforms
The mass retailer said that softness in sneakers and boots contributed to a weak performance from the footwear category in Q3, though its proprietary activewear apparel brands Tek Gear and FLX led a positive result for private label in the quarter. FLX sales increased double digits, helped by the completion of its 300-door rollout target for kids’ in Sep., with more planned for the spring. Elsewhere in KSS’ turnaround efforts, digital again outpaced stores, posting a 2% gain. Nike was called out as a core national brand amid efforts to boost ... Log in to view full article.