Kohlís sees dip in sales in 2Q

Freeman Staff

August 14, 2014

MENOMONEE FALLS ó Kohlís saw total sales decrease by 1.1 percent during the second quarter of 2014 to $4.242 billion, compared to $4.289 billion in 2013. Year to date, the company has seen a 2.1 percent decrease in sales. In comparable stores, sales were down 1.3 percent during the quarter.

Those results were largely on par with expectations.

Kevin Mansell, Kohlís chairman, president and chief executive officer, said the company was pleased with sales as the quarter progressed, particularly in the month of July, describing the sales as consistently improving.

He added that the company would be entering the back-to-school season ďwith fresh, new inventory and encouraging momentum.

In particular, Mansell highlighted luggage, electrics, childrenís as strong areas for the company during the quarter.

He said Kohlís would be adding Izod and Juicy Courture in September and would be piloting a buy online, pick up in store program in 100 stores this fall.

Mansell said the mid-Atlantic, northeast, southeast and west regions outperformed store averages, but the midwest and south-central underperformed.

www.kohlscorporation.com