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.
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