Kohl's Surges on Deal to Expand Amazon Ties in Return Policy
- Amazon returns can be taken to all Kohl’s stores starting July
- Kohl’s issues Amazon warrant to buy up to 1.75 million shares
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Kohl’s Corp. shares jumped the most in almost four months after the company said it will begin accepting returns for Amazon.com Inc. customers at all of its stores starting in July, expanding a program it started in 2017.
The department store chain began offering the free service as a pilot program that grew to 100 stores in the Los Angeles, Chicago and Milwaukee markets. Now it will increase to its more than 1,150 locations, the retailer said Tuesday.