Headlines

Kohl’s Announces Q1 Growth

Balanced promotional calendar aids gains

Published

9 years ago

May 15, 2015

kmpeyton

Kohl’s Corp. (Milwaukee) announced increases in its first-quarter earnings.

The company’s net income rose 1.6 percent to $127 million, and sales increased 1.3 percent to $4.12 billion. Comparable sales grew by 1.4 percent, an increase from a year ago when they were down 3.4 percent.

According to Women’s Wear Daily, Chair, President and CEO Kevin Mansell said that the results were partially due to a “more balanced promotional calendar, driving merchandise margin combined with strong control.”

Despite the growth, Mansell said that sales for Q1 were still slightly below what the company had expected, due to weak sales in February.

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