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