Kohl’s Corporation reported that for the four-week month ended July 28, total sales increased 3.4 percent and comparable store sales increased 1.7 percent over the four-week month ended July 30, 2011. For the quarter, total sales decreased 1.0 percent and comparable store sales decreased 2.7 percent from the second quarter of 2011.
Kevin Mansell, Kohl’s chairman, president and chief executive officer, commented, “We are pleased with the improvement in July’s comparable store sales. We have made significant progress in improving inventory levels as we enter the Back-to-School season and believe we have the appropriate mix of both basics and fashion. From a line of business perspective, Footwear, Home and Men’s all reported mid-single-digit comp increases. The Midwest, Mid-Atlantic and Northeast were the strongest regions in July.”
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|
% Change |
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|
Total Sales |
|
Total Sales |
Comparable Sales | |||||||||||||
| ($ in millions) |
|
2012 |
2011 |
|
2012 |
2011 |
|
2012 |
2011 |
|||||||||
July |
|
$ |
1,161 |
|
$ |
1,122 |
|
3.4 |
% |
|
(2.9 |
%) |
|
1.7 |
% |
|
(4.6 |
%) |
Quarter |
|
$ |
4,205 |
|
$ |
4,248 |
|
(1.0 |
%) |
|
3.6 |
% |
|
(2.7 |
%) |
|
1.9 |
% |
Year to Date |
|
$ |
8,447 |
|
$ |
8,410 |
|
0.4 |
% |
|
3.4 |
% |
|
(1.3 |
%) |
|
1.6 |
% |
