1. Operations & Supply Chain

Kohl’s Beats Profit Estimates on Cost Cuts, Leaner Inventory

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Kohl’s Corp reported better-than-expected quarterly profit, attributed to leaner inventories, reduced costs, and fewer discounts, which helped the department store chain navigate a broader retail slowdown. The company’s inventory decreased by 14% during the quarter due to stock clearance efforts, contributing to a drop in gross margin. Kohl’s CEO, Tom Kingsbury, expressed confidence in the…

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