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Kohl's will accept Amazon returns at all its stores, stock soars

Tonya Garcia
Kohl's will accept Amazon returns at all its stores, stock soars

Kohl's Corp. stock soared 7.7% in Tuesday trading after the retailer announced that it would now accept Amazon.com Inc. returns at all its stores. Kohl's first announced that it would pilot the returns program in September 2017, operating in 100 stores in Los Angeles, Chicago and Milwaukee. Now customers will be able to return Amazon merchandise to all 1,150 Kohl's locations. Kohl's is also carrying Amazon products in more than 200 stores. Convenient returns have become a focus for a number of companies and retailers, including Walgreens Boots Alliance Inc. , which is working with Narvar to accept returns at its locations. Kohl's stock has rallied 9.5% in 2019, while the S&P 500 index is up 16.2% for the period.