Kohl's Corp., a retailer selling home appliances and home furnishings, reported fourth quarter net income was down 8% to $455 million, compared to $494 million in the fourth quarter of the previous year. Net sales were $6.0 billion, down 0.3%, and 4Q comparable store sales decreased 2.1%.
For the fiscal 2011 year net income increased 4% to $1,167 million. Net sales were $18.8 billion, an increase of 2.2%. Comparable store sales increased 0.5%.
Kohl's opened 40 stores in 2011 and now has 1,127 stores in 49 states, compared with 1,089 stores at the same time last year. Kohl's remodeled 100 stores in 2011.
to Daily News