Kohl's Corp reported that for the five-week month ended April 2, 2011 total sales decreased 4.9% and comparable store sales decreased 6.5% from the five-week month ended April 3, 2010.
Kevin Mansell, Kohl's chairman, president and chief executive officer, commented, “As expected, we reported a decrease in comparable store sales in March due to the timing of Easter. From a line of business perspective, Accessories, Home, Men's and Women's outperformed the company average. Children's and Footwear, which are most sensitive to the Easter shift, reported the highest decrease in comparable sales. The Southeast and South Central regions reported the strongest comparable sales results for the month.”
|
% Change | |||||||||||||||||
|
|
Total Sales |
|
Total Sales | Comparable Sales | |||||||||||||
($ in millions) |
|
2011 | 2010 |
|
2011 | 2010 |
|
2011 | 2010 | |||||||||
March |
|
$ |
1,723 |
|
$ |
1,812 |
|
(4.9 |
%) |
|
26.4 |
% |
|
(6.5 |
%) |
|
22.5 |
% |
Year to date |
|
$ |
2,884 |
|
$ |
2,896 |
|
(0.4 |
%) |
|
18.7 |
% |
|
(2.2 |
%) |
|
14.7 |
% |
The company opened nine new stores in March 2011 and now operates 1,097 stores in 49 states, compared to 1,067 stores at the same time last year.