MENOMONEE FALLS – Kohl’s Corp. on Thursday reported third-quarter net income that dropped 18 percent, according to a company statement.

The company said it earned $177 million, or 81 cents a share. A year earlier, it earned $215 million, or 91 cents a share. Revenue fell 1 percent to $4.44 billion.

The Menomonee-Falls department store operator said sales at stores open at least a year fell 1.6 percent compared with a 1.1 percent gain a year ago. For the fourth-quarter, the company is expecting earnings of $1.59 to $1.74 per share, with revenue down 2 percent to 4 percent.

For full-year earnings, Kohl’s foresees $4.08 to $4.23 a share, compared to its prior forecast of $4.15 to $4.35 per share.

"As we enter the holiday season, we believe we are well-positioned from a merchandise content and inventory perspective to gain market share,” said Kevin Mansell, Kohl's chairman, president and chief executive officer. “We have increased our marketing spending and improved its impact and reach in order to drive higher traffic to our stores and on-line.”

Kohl’s also announced it plans to have a Juicy Couture women’s and girls’ clothing, accessories and home items in its store and online in fall of 2014.

The retail chain declared a quarterly dividend of 35 cents a share, which will be paid on Dec. 24 to shareholders of record on Dec. 11.