Kohl’s KSS 34.27%increase; green up pointing triangle shares surged around 25% early Tuesday after the retailer raised its full-year outlook and posted a surprise quarterly profit, saying its turnaround is gaining momentum.
The earnings report came a day after Kohl’s named Michael Bender as its permanent chief executive. Bender had served as the retailer’s interim CEO since May, after its then-chief, Ashley Buchanan, was fired for violating the company’s ethics code.
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