Omni channel retail company Kohl's (KSS) has grown its business significantly over the past few months, launching new collections and forging strategic partnerships. So, we think it is wise to bet on the stock now because it is trading at an attractive valuation considering its solid financials and immense growth potential. Let’s take a closer look at KSS.Kohl's Corporation (NYSE:KSS) is one of the top omni channel retailers. But its share price has dipped 11.1% since the company reported its fiscal first quarter (ended May 1, 2021) financial results on May 20. While the company’s top and bottom lines both grew in the quarter, its share price decline is perhaps a consequence of investors’ speculation that its revenues may fall when government-stimulus-fueled demand trails off. However, the stock has soared 145.9% over the past nine months to close yesterday’s trading session at $53.41.
KSS has grown its offline and online presence over the past few months, leveraging its industry-leading loyalty and charge card programs, convenient and accessible nationwide footprint, and an impressive digital presence.
Volta Industries, Inc. and KSS announced on April 29 that 100 Volta electric vehicle charging stations will be installed this year across 50 of KSS’ stores. The company’s partnership with Sephora and its forthcoming launch of several new brands this fall are also expected to boost its sales.