Starting In July, Amazon Returns Can Be Made At All Kohl’s Stores
25 Avril, 2019, 04:30 | Auteur: Auguste Feret
The department store chain said Thursday it will accept Amazon returns at all its 1,150 stores starting in July, expanding its almost two-year test of the service from 100 stores.
The program started as a pilot in 2017 with 100 stores across Los Angeles, Chicago and Milwaukee.
Much like you would any other return to Amazon, you'll initiate the return via Amazon's website.
"Upon vesting, the warrant shares may be acquired at an exercise price of $69.68 subject to certain customary anti-dilution provisions", Kohl's stated in the filing. The shares had risen 1.7 percent this year through Monday's close. Gass and her team hoped that when customers returned their Amazon orders, they would stick around after and shop the store.
The department store operator will accept "eligible" returns from customers free of charge and package and send them to Amazon return centers, the company said. Kohl's will accept the items and handle packaging and shipping for free as part of its commitment to driving innovation and traffic to stores.
As mentioned, Kohl's recently agreed to sell Amazon products in more than 200 of its retail stores, making it possible to pick up a Kindle Fire tablet or Echo smart speaker from your local store. The partnership also leverages Kohl's strong footprint across the country with Amazon's omnichannel strength.
The relationship between Kohl's Corp. and Amazon is deepening, with some reports suggesting the online giant could potentially take a stake in the retailer.
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