Kohl's Corporation reported that total sales for the four-week month ended November 26 decreased 4.5 percent to $1.93 billion and comparable store sales decreased 6.2 percent from the four-week month ended November 27, 2010. Year to date, total sales increased 2.4 percent to $14.72 billion and comparable store sales increased 0.6 percent.
Kevin Mansell, Kohl's chairman, president and chief executive officer, commented, “November sales were disappointing. We were encouraged by our improved performance in both stores and e-commerce over the Thanksgiving weekend. A majority of our planned incremental marketing investment is in December and we expect to be able to benefit as customers look for value as they complete their holiday shopping.”
The retailer operates 1,127 stores in 49 states, compared to 1,089 stores at the same time last year.
