Kohl's Corp. (KSS) - Get Report is soarin'.

The retail giant had a good day in the market Wednesday, hitting a three-year high of $76.25. 

RBC analyst Brian Tunick attributed the market high to an event held by Kohl's in New York City on Wednesday, June 6.  

Kohl's, an Action Alerts PLUS portfolio holding, introduced plans to enhance its "Greatness Agenda," according to RBC. 

The firm believes that Kohl's has been profiting from competitor store closures such as Sears (SHLD) and has been capitalizing on those closures.