Tag Archives: Kohl’s

Kohl’s Q2 Net Edges Up 0.4 Percent

Kohl’s

MENOMONEE FALLS, Wis.-Although sales trended somewhat downward, Kohl’s posted second-quarter net income of $232 million, up a slight 0.4 percent from the second quarter of last year. Net sales in the quarter, which ended on Aug. 2, were down 1.1 percent to $4.2 billion, which included a same-store sales decrease of 1.3 percent. Kevin Mansell,More »

Kohl’s Q1 Net Falls 15 Percent; Sets “Greatness Agenda”

Kohl’s

MENOMONEE FALLS, Wis.-In a quarter in which the company failed to achieve its sales goals, Kohl’s posted first-quarter net income of $125 million, down 15 percent from a year ago. Net sales fell 3.1 percent to $4.1 billion, including a decrease in same-store sales of 3.4 percent in the quarter, which ended on May 3.More »

Kohl’s Keys on “Yes” in New Campaign

Kohls YES

MENOMONEE FALLS, Wis.-Kohl’s has debuted a new branding campaign centering on the word “Yes”—“a philosophy that has been part of the company’s DNA for decades,” according to a Kohl’s statement. The campaign includes television commercials which began running yesterday. It also encompasses in-store materials and visuals on the company’s website (kohls.com) and throughout all broadcast,More »

Brennan, Kohl’s Chief Merchant, Resigns

Donald Brennan

MENOMONEE FALLS, Wis.-Donald Brennan, Kohl’s chief merchandising officer, has resigned and will leave his post on April 1. The resignation was the subject of a filing on Monday by the retailer with the U.S. Securities and Exchange Commission. The filing gave no reason for Brennan’s departure, but did say Kohl’s and Brennan have entered intoMore »

Kohl’s Net Down 11.6 Percent in Q4

Kohls Logo2010

MENOMONEE FALLS, Wis.-With sales lagging for both the fourth quarter and the fiscal year, Kohl’s turned in an 11.6 percent fall in net income for its fourth quarter, to $334 million, and a decline of 9.8 percent in fiscal-year net income, to $889 million. Net sales in the quarter slipped 2.6 percent to $6.1 billion,More »

Record to Succeed Hannah as J.C. Penney CFO

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PLANO, Texas-Edward Record has been named executive vice president and chief financial officer of J.C. Penney. Record will succeed Ken Hannah on March 24. Hannah will stay on as the retailer’s financial chief “to ensure a smooth transition,” according to a J.C. Penney statement. The statement did not comment on Hannah’s future plans. Record willMore »

Kohl’s Q4 Comps Drop 2 Percent

Kohl’s

MENOMONEE FALLS, Wis.-Same-store sales for Kohl’s in its fiscal fourth quarter were down 2 percent, according to a preliminary statement on the company’s financial results for the quarter. The statement said Kohl’s managed a 0.8 percent gain in same-store sales for the combined November-December period. However, January sales turned up less than expected due toMore »

Kohl’s Net Falls 17.7 Percent in Q3

Kohl’s

MENOMONEE FALLS, Wis.-Declines in both sales and margins pressured Kohl’s bottom line to a 17.7 percent shortfall, totaling $177 million, in its fiscal third quarter ending on Nov. 2. Net sales were down 1 percent to $4.4 billion, including a drop of 1.6 percent in same-store sales. Gross margin was off 64 basis points toMore »