Kohlís sales increase during the first quarter

Freeman Staff

May 14, 2015

MENOMONEE FALLS óThe first quarter of 2015 started off on a solid note for Kohlís Corporation, which reported an increase of 1.3 percent in sales and 2 percent increase in net income.

According to the Thursday announcement, during the first quarter of 2015, Kohlís had $4,123,000 in sales, 1.3 percent more than the $4,070,000 in sales it had during the first quarter of 2014. Net income also increased 5 percent to a total of $127 million when compared to $125 million in store sales during the same quarter last year.

ďSales were modestly below our original expectations for the quarter, but accelerated in the March/April combined period after a weak February. We are very pleased with our earnings results, with a more balanced promotional calendar driving merchandise margin combined with strong expense control,Ē said Kevin Mansell, Kohl's chairman, chief executive officer and president, in a statement.

Kohlís opened two stores during the quarter for a total of 1,164 stores in 49 states, compared with 1,160 stores at the same time last year.