Menomonee Falls-based Kohl’s Corp. is increasing its guidance for the rest of 2021, even amidst continuing rising supply chain challenges and the continued spread of the COVID-19 Delta variant.
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Kohlâs sales topped 2019 in March and April but retailer cautious in raising outlook
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Menomonee Falls-based retailer
Kohlâs Corp. reported a nearly 70% increase in net sales for the first quarter and raised its guidance for top and bottom line improvements for the full year.
But even with a quarter that exceeded expectations, executives said the company still wanted to be cautious in raising the outlook for the remainder of the year.
âWe feel really good about the customer being ready to spend,â Michelle Gass, chief executive officer of Kohlâs, told analysts on Thursday. âCandidly, the reason we guided as we did is thereâs just still uncertainty out there.â
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