Rather a lot more beauty, more “dressed” up casual apparel and more gifts and pets.
Those are a few of the key components of Kohl’s Corp.’s turnaround strategy, which to this point is showing some progress in stabilizing the business because the retailer reported that its bottom line stayed flat for the primary quarter while sales volume continued to slip.
Net income for the quarter ended April 29 was $14 million, or $0.13 per share. That in comparison with net income of $14 million, or $0.11 per share within the prior 12 months.
Net sales decreased 3.3 percent to $3.36 billion, from $3.47 billion. Comparable sales decreased 4.3 percent.
“Our first-quarter results were in keeping with our expectations and represented a primary step as we...
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