Kohl’s: Comparable Sales Decrease 11 Percent in Fourth Quarter

MENOMONEE FALLS, WIS. — Kohl’s Corp. (NYSE: KSS) has reported that its comparable sales decreased 11 percent and total revenue declined 10 percent in the fourth quarter compared with the year prior. The fourth quarter for Kohl’s ended Jan. 30. However, this is the third consecutive quarter of sequential improvement, according to the Menomonee Falls-based retailer. The fourth-quarter performance exceeded expectations across all key metrics, according to CEO Michelle Gass. Additionally, digital sales grew by more than 20 percent, accounting for over 40 percent of net sales. This fall, Kohl’s will launch a strategic initiative with beauty retailer Sephora. The partnership will launch in 200 stores and online as part of a multi-year buildout that Kohl’s expects will drive significant growth. Kohl’s will share more on this initiative in its quarterly earnings conference call scheduled for March 2. The stock price for Kohl’s opened at $50.00 per share Friday, Feb. 5, up from $46.07 per share one year ago.

Content Partners
‣ Bohler
‣ Lee & Associates
‣ Lument
‣ NAI Global
‣ Walker & Dunlop

Webinars on Demand


Subscribe to the newsletter

Read the Digital Editions

Texas Affordable Housing Business

Southeast Affordable Housing Business

Heartland Recent Issue

Northeast Recent Issue

Southeast Recent Issue

Texas Recent Issue

Western Recent Issue

Shopping Center Business

California Centers

Ancillary Retail

Student Housing Business

Seniors Housing Business

Featured Properties  

2021 Finance Insight Video Interviews