Kohl's and Macy's Continue the Department Store Comeback

In the past few years, many pundits have predicted the death of department stores. However, most department store chains posted better-than-expected results in Q2

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On Thursday morning, the two top department store chains -- Macy's (NYSE: M) and Kohl's (NYSE: KSS) -- provided more good news for the sector. To be sure, department stores continue to suffer from weak customer traffic. But they are finding ways to get customers to spend more on each visit and making other improvements to their operational performance.

Kohl's recovery gains steam

Kohl's started off the day with a handy earnings beat. Adjusted earnings per share reached $0.80, up from $0.75 a year earlier. This was the second straight quarterly increase.

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