Take Kohl’s, which on Tuesday reported better-than-expected financial results on both the top and bottom lines, but still saw its stock drop more than 7% during the day. Same-store sales for the quarter jumped 3.6%, a sign that Kohl’s focus on inventory management is working. Kohl’s began to revamp its inventory management system in 2016, dramatically reducing inventory kept on-site and localizing merchandise selection on a store-by-store basis. In a statement on Tuesday, Gass said of Kohl’s recent financial results, “We continued to focus on our priorities of driving traffic and operational excellence. The drop in Kohl’s stock price right after beating on earnings follows a recent pattern in stocks across industries, from tech to financials to retail.

Source: Forbes May 22, 2018 18:31 UTC