Kohl’s Is Holding Less Merchandise in Stores and It’s Paying Off

Less is turning out to be more in the world of retail.

Kohl’s kss , on Tuesday reported higher second-quarter comparable sales, and crucially, higher profits, helped by its move in the last two years to hold less merchandise in stores and instead deploy items to stores where they are running low or sell them online.

The retailer said comparable sales rose 3.1%, above Wall Street forecasts for a 2.6% jump. Its gross merchandise margin increased by 0.4...

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