World Footwear

Companies

Stable quarter sales at Kohl's

Nov 22, 2017 United States
Stable quarter sales at Kohl's
The retailer registered strong results during the back-to-school shopping season. However, the middle of the latest quarter was soft however, due to abnormal weather condition
Kevin Mansell, Kohl's Chairman, Chief Executive Officer and President, commented: "We are pleased to report an increase in comp sales for the quarter as the traffic momentum we saw in the first half of the year continued. We saw strong results during the back-to-school season, achieving a low single-digit positive comp. The middle of the quarter was soft as we experienced disruptions from the hurricanes and other unseasonal weather. The quarter closed with strong sales in the second half of October."

Kohl's quarterly sales reached 4.33 billion US dollars, in line with similar period in 2016 (+0.1%). Accumulated sales for the nine months period ended on the 28th of October totaled 12.32 billion US dollars, down by 1.3% from similar period last year.

Net income dropped to 117 million US dollars, or 70 cents per share, in the third quarter, compared with 146 million US dollars, or 83 cents a share, in the third quarter in 2016.

Kohl’s ended the quarter with a network 1 156 stores in 49 states compared with 1 155 Kohl's stores in similar period last year.

Back in September, Kohl’s, which is opening in-store Amazon shops, announced it will start accepting returns for the online retailer at some of its stores in Los Angeles and Chicago: Read All about it here

Related Events

  • Mar
    2
    Mar 2-Mar 5, 2024 | Portland, United States

    The Northwest Market

  • Mar
    3
    Mar 3-Mar 5, 2024 | Chicago, United States

    Chicago Collective Women's Edition

  • Mar
    11
    Mar 11-Mar 13, 2024 | Los Angeles, United States

    Brand Assembly Los Angeles

  • Mar
    13
    Mar 13-Mar 15, 2024 | Las vegas, United States

    The Travel Goods Show

Related Organizations

  • ALCA - American Leather Chemists Association

    ALCA - American Leather Chemists Association

    United States
  • Council of Fashion Designers of America, Inc.

    Council of Fashion Designers of America, Inc.

    United States
  • The Museum at FIT

    The Museum at FIT

    United States
  • PLC - Pensole Lewis College of Business & Design

    PLC - Pensole Lewis College of Business & Design

    United States