Home
Global Supplier Directory
APPLIANCE Engineer
Supplier Solutions
APPLIANCE Line
Whitepaper Library
Calendar of Events
Association Locator
Contents Pages
Market Research
Subscription Center


 
Daily News

Kohl's Reports Higher First Quarter Sales
May 21, 2012
 Printable format
 Email this Article
 Search

Department store retailers Kohl's Corp. reported first quarter net income of $154 million for the first quarter, down from $201 million in the previous year's first quarter.

Net sales were $4.2 billion, up 1.9%, and comparable store sales were up 0.2%.

"Our first quarter results reflect the implementation of our strategy to initiate lower pricing in order to provide greater value to our customers," said Kevin Mansell, Kohl's chairman, president, and CEO. "This planned action led to significantly lower gross margins for the quarter. Strong management of expenses allowed us to achieve our earnings goal for the quarter."

Kohl's ended the quarter with 1,134 stores in 49 states, compared with 1,097 stores at the same time last year.

In the fiscal quarter ending July 28, 2012. Kohl's expects total sales growth of 2% to 3% and comparable store sales growth of flat to 1%.

Back to Daily News

 

Daily News

...........................................................

Nov 26, 2014: Hamilton Beach 3Q income down slightly

Nov 26, 2014: LG's sales of Inverter Linear Compressor refrigerators top 10 million

Nov 25, 2014: Robotics Exhibits Grow 25% at 2015 CES

Nov 25, 2014: Index shows HVAC/R contractors more positive than last year

Nov 25, 2014: Consumer Confidence Index Declines

More Daily News>>

RSS Feeds
.........................................................
Appliance Industry
Market Research

...........................................................

November 2014: U.S. Appliance Industry: Market Value, Life Expectancy & Replacement Picture 2014
October 2014: Portrait of the European Appliance Industry
September 2014: Appliance Industry Focus: HVAC
June 2014: Appliance Magazine Market Insight: April 2014




 
Contact Us | About Us | Subscriptions | Advertising | Home
UBM Canon © 2014  

Please visit these other UBM Canon sites

UBM Canon Corporate | Design News | Test & Measurement World | Packaging Digest | EDN | Qmed | Plastics Today | Powder Bulk Solids | Canon Trade Shows