Thursday, November 9, 2017

Kohl's same-store sales rise, but profits fall

Kohl’s Corp. saw improved sales at established stores in the third quarter, but net income fell.

The Menomonee Falls-based company earned $117 million in the three months ended Oct. 28, down 20% from $146 million a year ago. 

Sales at stores open at least a year — a key measure of retail performance — were up 0.1%. The modest gain ended six straight quarters of negative comparable sales. Kohl's has seen improvement in comparable sales for the last two quarters.. . . more

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