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

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

Sep 19, 2014: Builder confidence at highest level since Nov. 2005

Sep 19, 2014: Builders Show, Kitchen/Bath Show, and 3 other events converge for 2015 Design & Construction Week

Sep 19, 2014: GE Appliances supporting Susan G. Komen

Sep 18, 2014: AHRI at White House unveils $5 billion refrigerant R&D plan

Sep 18, 2014: Solar microinverter market could break $1 billion by 2018

More Daily News>>

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

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

March 2014: Market Research - 62nd Annual U.S. Appliance Industry Forecast
February 2014: Appliance Magazine Market Insight: December 2013
January 2014: Market Research - Appliance Historical Statistical Review: 1954-2012
January 2014: Appliance Magazine Market Insight: November 2013




 
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