Certainly didn't help.
Kohl's? That's weird. I had to buy some summer clothes and the prices were crazy-low even at the beginning of summer. Don't know how a store can make huge profit with 50% off plus additional discounts on summer clothes at the beginning of summer.
“Kohl’s? That’s weird. I had to buy some summer clothes and the prices were crazy-low even at the beginning of summer. Don’t know how a store can make huge profit with 50% off plus additional discounts on summer clothes at the beginning of summer.”
A little story ... I used to sell software to major retailers. One day, I was visiting with the CIO from a major retailer and he wanted to take me to their new flagship store.
So we were walking around the store and there was a huge table of men’s dress shirts for $47 marked down to $29. I asked him how they could still make money and he told me their actual cost was $7.42. So even at 50% discount, they were still making 400% gross profit.
True story ...
Made in China clothes
Kohls has terribly cheap clothing. They sell at a cheap price. If you go to Asian wholesale sites you will find that clothing is usually less than a dollar an item.