MENOMONEE FALLS óDuring the
second quarter, Kohlís Corporation only saw small gains in
comparable store sales but significant decreases in net income,
for which CEO Kevin Mansell expressed disappointment Thursday.
Comparable store sales for
the second quarter were $4.267 million, a 0.6 percent increase
compared to the total of $4.242 for the second quarter of 2014.
The net income reported for the period was $130 million compared
to $232 million during the second quarter of 2014, a 44 percent
ďOur sales results were
below our plan as the shift of sales in tax-free states from
July into August was larger than anticipated. Our expenses were
well managed for the season. Our inventory receipts are
well-positioned for the back-to-school and fall seasons,Ē said
Kevin Mansell, Kohl's chairman, chief executive officer and
president, in a statement.
Kohlís ended the quarter
with 1,164 stores in 49 states, compared with 1,160 stores at
the same time last year.