-
Kohl’s tops Street
Kohl’s Corp. beat analysts’ expectations for the second quarter even as its sales continued to show weakness. The retailer posted a profit of $140 million, or 77 cents a share for the quarter ended July 30, compared with $130 million, or 66 cents a share, in the year-ago period. Excluding certain items, earnings rose to $1.22 a share from $1.07 a year ago. Revenue fell 2% to a better-than-expected $4.18 billion. Same-store sales fell 1.8%. -
Marine Layer is latest new-to-Kentucky tenant at The Summit
Bayer Properties’ plan for drawing shoppers to its new $156 million mixed-use development in Lexington, Kentucky, could be one that catches on in other rural regions: Recruit retail tenants that are not new to the universe, but new to the state. So when it opens next spring, the retail roster at The Summit at Fritz Farm will include Bonobos, Cos Bar, Shake Shack, J. McLaughlin, Brooks Brothers, and — just signed this week — Marine Layer.

