Thursday, May 11, 2017

Revenue keeps falling at Kohl's, but profit up strongly in first quarter

Kohl's Corp. continues to see revenue slip, but close attention to expenses helped propel the big retailer to a strong gain in net income in the first quarter.

Kohl's posted sales of $3.84 billion in the three months ended April 29, down 3.2% from a year ago.

Sales at existing stores, a key measure of retailer health, fell 2.7%. It was the fifth straight quarter of declining same-store sales for Menomonee Falls-based Kohl's.. . . more

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