Diamonds and Dogs
If you can't beat them, join them. Kohls (KSS) is up a percent to a new recent high on news they will accept returns on behalf of Amazon at 82 of its stores in Chicago and Los Angeles. Kohls will pack them, ship them, and return them to Amazon for free. Traffic is up a bit at Kohl's stores already and the new Amazon arrangement should drive even more customers to the company's stores
Now we know why Best Buy (BBY) does not do investor days. It's been five years since the last investor day and with the stock down 9%, maybe Best Buy should wait another five years for the next investor day. The CEO is optimistic saying they fixed what was broken and now have a growth strategy for Best Buy to improve earnings and sales going forward, but investors are not buying it.
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