Kohl's net sales up but comps anemic
February 5, 2004,
MENOMONEE FALLS, Wis. — Kohl's Corporation came out of the post-holiday season with a strong sales performance for January — up 14.5 percent — but comps were wheezing with a 0.3 percent gain.
Comp performance for the quarter fared worse — down 2.1 percent for the 13 weeks ended Jan. 31, against a comp spurt of 11.9 percent in January 2003. For the 52-weeks period, comps slipped 1.6 percent while total sales climbed 12.7 percent.
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