Home heads Kohl’s sales
Home & Textiles Today Staff -- Home Textiles Today, June 1, 2005
MENOMONEE FALLS , Wis. — Home and accessories were the sales leaders at Kohl’s last month, the company said late yesterday after reporting a May sales increase of 10.2 percent. Comps rose 0.2 percent.
The performance was in line with company expectations. Kohl’s reiterated its comp target for the second quarter of 4 to 5 percent, along with earnings guidance for the period of 49 cents to 52 cents per diluted share.
This morning at an investor conference in New York , Larry Montgomery, chairman and CEO, said the merger of Federated Department Stores and May Co. should create greater market share opportunity since Federated has been moving its stores up and out of moderate.
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