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Featured Company News - 82 Kohl's Stores to Start Amazon's Returns Program from October 2017

LONDON, UK / ACCESSWIRE / September 21, 2017 / Pro-Trader Daily takes a look at the latest corporate events and news making the headlines for Kohl's Corp. (NYSE: KSS), following which we have published a free report that can be viewed by signing up at http://protraderdaily.com/optin/?symbol=KSS. The Company announced on September 19, 2017, that it would start the Amazon's Returns Program at 82 of its stores located in Los Angeles and Chicago area. The returns program is expected to further strengthen the newly formed partnership between Kohl's and Amazon (NASDAQ: AMZN), which was announced in early September 2017. For immediate access to our complimentary reports, including today's coverage, register for free now at:

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At Pro-TD, we make it our mission to bring you news that matter about the stock you follow. Today, our research desk covers a blog story on KSS and AMZN. Go directly to your stock of interest and access today's free coverage at:

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The Amazon Returns Program

Under the Amazon Returns Program, Kohl's stores would accept the return of certain merchandise bought by Amazon customers. It also plans to pack and ship the eligible returned merchandise back to Amazon. The program is expected to start in October 2017, would be done free of cost, which would add to the convenience of Amazon customers. The service will initially be available at 82 Kohl's stores in Los Angeles and Chicago.

The returns program makes it convenient for Amazon's customers to return eligible merchandise purchased on Amazon at the select Kohl's stores. Under the returns program merchandise can be returned free of cost irrespective of the return season and whether the products are in packaged condition or not. On top of this, Kohl's is offering to package and transport the returned merchandise back to Amazon at no additional cost. In order to make it even more convenient for Amazon customers to return merchandise, Kohl's plans to offer designated parking spots near the Kohl's store entrances.

Amazon has a similar returns program at more than 400 plus stores of Whole Foods Market after its acquisition by Amazon in late August 2017. Amazon's Prime members would have the option of picking up and returning Amazon merchandise at the Amazon Lockers provided in select Whole Foods stores.

Commenting on the start of the new service for Amazon's customers, Richard Schepp, Chief Administrative Officer of Kohl's, said:

"We are thrilled to launch this unprecedented and innovative concept, allowing customers to bring in their unpackaged Amazon returns to Kohl's and we will pack them, ship them, and return them to Amazon for free. This is a great example of how Kohl's and Amazon are leveraging each other's strengths – the power of Kohl's store portfolio and omnichannel capabilities combined with the power of Amazon's reach and loyal customer base."

Shivi Shankaran, Director of Worldwide Customer Returns of Amazon added:

"Amazon Returns at Kohl's creates a convenient location for Amazon customers to return eligible Amazon.com merchandise. Teaming up with Kohl's provides an incredible opportunity to pair our world-class return experience with a great shopping experience, expanding our service options to our customers in the Los Angeles and Chicago areas."

Kohl's/Amazon Partnership

In early September 2017, Kohl's had announced that 10 select Kohl's stores located in Los Angeles and Chicago would be offering the new Amazon smart home experience from October 2017. The new Amazon smart home space is a unique experience wherein customers can buy Amazon devices viz., Amazon Echo, Echo Dot, Amazon Fire TV, Fire tablets etc. directly from Amazon within these 10 Kohl's stores premises. The smart home products, many of which are powered by Alexa would offer customers a chance to experience the smart home products in first-hand and allow them to touch, feel and interact with products before planning to buy. The Kohl's stores would allocate a 1,000 square feet area for the Amazon smart home experience and the area would be manned by Amazon sales associates. The designated area would also offer Amazon Home Services which include vetted local services professionals for all household services from cleaning to plumbing.

About Kohl's Corp.

Menomonee Falls, Wisconsin based Kohl's was founded in 1962 and is a leading retail store chain that offers national and exclusive brands at its stores. The Company's products are also available via its online store Kohls.com and on Kohl's mobile app. Some of the brands which are available at Kohl's includes Simply Vera Vera Wang, Sonoma, APT 9, Croft & Barrow, Jennifer Lopez and Food Network, etc. The Company also offers products of many national brands such as Levi's, Dockers and Columbia. The Company has 1100+ stores across 49 states in the US with annual sales crossing $19 billion. The Company has a team of approximately 140,000 associates.

Last Close Stock Review

On Wednesday, September 20, 2017, the stock closed the trading session at $45.00, slightly falling 0.84% from its previous closing price of $45.38. A total volume of 3.92 million shares have exchanged hands. Kohl's stock price rallied 20.51% in the last one month, 26.55% in the past three months, and 19.27% in the previous six months. The stock is trading at a PE ratio of 11.58 and has a dividend yield of 4.89%. The stock currently has a market cap of $7.56 billion.

Amazon.com's share price finished yesterday's trading session at $973.21, slightly advancing 0.35%. A total volume of 2.75 million shares have exchanged hands. The Company's stock price rallied 2.09% in the last one month, 14.76% in the past six months, and 24.74% in the previous twelve months. Additionally, the stock surged 29.78% since the start of the year. Shares of the Company have a PE ratio of 245.57 and currently have a market cap of $470.08 billion.

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SOURCE: Pro-Trader Daily