Kohl's first quarter results exceeded expectations, sportswear became the main

Total revenue rose 60.1% to $3.89 billion in the period ended May 1, from $2.43 billion in the same period last year. Its net income for the quarter was $14 million, and adjusted net income was $165 million.

Kohl's is currently stepping up its efforts as a destination for active and casual merchandise, while Nike, Adidas and Lands' End are reducing the density of their stores to provide a better, more relaxed shopping experience, including reducing space for men's and jewelry.

Kohl's executives said they were very pleased with the strong start to 2021, with sales and revenue significantly exceeding expectations. Against a favorable consumer spending backdrop, the company's key strategic initiatives are gaining traction and resonating with customers.

But it also prompted concerns about possible headwinds, particularly ongoing supply chain disruptions, which will increase business costs as digitalization becomes a bigger part of the business.

Kohl's said it was offsetting that by adding more drivers to pick up shipments at ports and chasing demand at every opportunity. The comments seemed more cautious, or less optimistic, than those of other retailers reporting first-quarter results this week.

Other retailers also reported strong first-quarter results this week, helped by government stimulus, the rollout of COVID-19 vaccines and some pent-up demand.

Target posted big sales and profit gains during the quarter , with store traffic particularly strong. Macy's first-quarter revenue and profit both beat expectations and saw improved profitability. Walmart's results were driven by strong consumer demand for essentials, including groceries and categories spurred by pandemic-related shopping habits.

Kohl's will also increase its sales through Sephora, as Sephora will launch more than 125 well-known beauty brands at Kohl's, starting online on August 1 and then in stores, which is likely to drive Kohl's sales and performance growth.

USA

Cole

First quarter