Kohlís sales dip in third quarter

Special to The Freeman

Nov. 13, 2014

MENOMONEE FALLS ó Kohlís Corporationís third quarter sales declined 1.6 percent during the third quarter of 2014 compared to the same period a year before, according to the clothing and home goods retailer Thursday.

Sales in the third quarter were $4,374,000 compared to $4,444,000 in the third quarter of 2013, a 1.6 percent difference. For the year to date, Kohlís has had $12,686,000 in sales in 2014, compared to $12,932,000 during the same period in 2013, a decline of 1.9 percent, according to the financial statement released by the company Thursday.

On Wednesday, the Kohlís Board of Directors declared a quarterly cash dividend on the company's common stock of $0.39 per share. The dividend is payable Dec. 24 to shareholders of record at the close of business on Dec. 10.

Kohlís ended the quarter with 1,163 stores in 49 states, compared with 1,158 stores at the same time last year.