Kohl's and Nordstrom Navigate Retail Challenges with Profit Gains and Strategic Adjustments

Kohl's leverages cost controls and inventory management, while Nordstrom benefits from off-price sales and digital growth.

Kohl's second-quarter earnings exceeded forecasts, driven by cost reductions and leaner inventories.
Despite lower sales, Kohl's raised its annual profit outlook but expects a decline in net sales for the year.
Nordstrom's off-price Rack stores saw nearly 9% sales growth, boosting overall company performance.
Digital transactions at Nordstrom now account for 37% of total sales, showing a steady upward trend.
Both retailers are focusing on promotional strategies to attract cost-conscious consumers amid inflation.