S&P: Kohl's on positive watch

Standard & Poor's said it placed its ratings on Kohl's Corp., including the BBB+ corporate credit rating, on CreditWatch with positive implications.

This action reflects the company's fourth-quarter results surpassing S&P's expectations and its view that share repurchases will be more moderate than it had anticipated.

Kohl's sales trends have been good for the past two years and the company is benefiting from management's merchandising initiatives, more frequent flows of merchandise to the stores, improved merchandise allocations to the stores, good inventory management and price optimization systems, the agency said.

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