Investing.com - Financial Markets Worldwide
Get 40% Off
Get 40% Off
⚠ Earnings Alert! Which stocks are poised to surge?
See the stocks on our ProPicks radar. These strategies gained 19.7% year-to-date.
Unlock full list

Kohl's Surges Midday After Expanding Amazon Return Program

Published 04/23/2019, 10:56 AM
Updated 04/23/2019, 11:10 AM
© Reuters.

Investing.com - Retailer Kohl's was higher in midday trading Tuesday after it announced it will return almost any unpackaged product for Amazon customers across all of its stores.

The program started out as a pilot in 2017 and will expand to all of Kohl’s 1,150 stores in July, the company said. Kohl’s will accept any Amazon item that is eligible, without a box or label, and return it for free.

The retailer announced announced last month that it is planning to carry Amazon products in 200 of its stores.

Kohl's (NYSE:KSS) gained 8.4% after the news, while Amazon.com (NASDAQ:AMZN) was up 1.3%.

Elsewhere in the sector, Macy’s (NYSE:M) fell 0.3%, while Target (NYSE:TGT) was down 0.8% and Nordstrom (NYSE:JWN) slumped 1.1%.

Latest comments

Amazons reach into the retail sector continues unabated. Expect to see Target and Kohls absorbed in the not to distant future. Amazon needs to be broken up soon or the retail sector will lose most of its current players. I thought diversity was a good thing.
Install Our App
Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.