1200 Stores Across The United States Provide Return Services For Amazon, Where Shares Rose More Than 10%.

Thanks to the cooperation with Amazon.com Inc. (NASDAQ:AMZN) Amazon, the US Department Store giant Kohl s Corp. (NYSE:KSS) shares rose more than 10% on Tuesday.

23 days ago, the Department announced that it will provide Amazon's return service from all stores in July this year.

The two companies, representing traditional and online retailers, started in October 2017. The Department of Commerce launched a trial of Amazon's return service in 82 stores in Losangeles and Chicago, so far it has expanded to 100 stores in Milwaukee.

Under the new cooperation, consumers can enjoy the service in 1150 stores in 48 states of the world.

Michelle Gass, the first female CEO of the Department of Kos, said in a statement of cooperation that it was pleased to extend Amazon's return service to all the stores in the United States, and praised Amazon and Kos for its common passion in providing excellent customer service, which is conducive to promoting the flow of goods in KOS department store through innovation.

Last month, the Department also announced the expansion of Amazon's products to 200 stores to enhance cooperation between the two sides.

Also started in 2017, the Department of stores began selling Amazon's voice device Echo.

Kohl s Corp. (NYSE:KSS), which opened 6.75% higher on Tuesday, after the three major U.S. stock index adjusted at the end of last year, the market share of the shares rose more and more, and it closed up 75.48 US dollars in the whole day, surging 11.91%, the best performance in the past four months.

Randal Konik, a retail analyst at Jefferies, said that despite the increased cost of providing return services to Amazon, the service will bring visitors to the department store and stimulate more important store sales and revenue growth.

In addition to cooperation in products and services, the Department also sold warrants to Amazon's investment department, allowing Amazon to acquire 1 million 750 thousand shares of the Department of justice from January 2020.