September Closes Unkindly On Kohl's
Friday October 5th, 2012 - 11:47AM
These are shortcuts to your favorite social networking and bookmark sites. Add this story to your Facebook page, del.icio.us, DiggIt, and many others!
Kohl’s Corp. has reported that, for the five-week month ended September 29, total sales decreased 1.4%. Comparable store sales decreased 2.7% from the five-week month ended October 1.
Sales came in below published average analyst estimates.
Footwear was the strongest product category in September with comps up in the low single digits. Home also outperformed the company average with a low single comp decrease.
Comps in the South Central, West and Northeast regions declined low single digits while those in the Mid Atlantic, Midwest and Southeast declined in the mid single digits.
Kohls opened 12 new stores in September and now operates 1,146 stores in 49 states versus 1,127 stores at the same time last year.
Tags: Housewares Cookware & Bakeware Vacuum Cleaners/Electric Cleaning Health & Personal Care Home Décor Home Environment Small Electrics Organization & Cleaning Tabletop Gadgets & Kitchen Tools Retail Financials
Dissecting what Ron Johnson got wrong during his brief, calamitous term at the helm of J.C. Penney is sure to be the focal point of retail strategy and tactics lessons for years to come. But Penney’s future could still hinge to some extent on what he got right.