Kohl's climbs

Menomonee Falls, WI — While it seems that the rest of the retail world is struggling to remain productive in the face of a flagging economy, Kohl's continues to steam along, reporting a 19.3 percent increase in fourth quarter profits, as it prepares for its market entry in Southern California this weekend.

The company reported fourth quarter profits increased to $19.3 percent to $279 million, or $0.81 a diluted share, compared to $233.8 million, or $0.68 a share last year. Top-line sales registered $3.18 billion, compared to $2.72 billion a year earlier, an increase of 16.9 percent. Comparable stores increased 1.9 percent, the company reported.

For the full year, profits rose 29.8 percent to $643.4 million, $1.87 a share, compared to $495.7 million, or $1.45 a share, the year before. Sales increased 21.8 percent to $9.1 billion, compared to $7.5 billion for the year earlier period. Comparable stores rose 5.3 percent.

This weekend the company will open 28 stores in Southern California, as it extends its reach to both oceans for the first time.

Home & Textiles Today Staff | News & Commentary

 Home Textiles Today is the market-leading brand covering the home and textiles markets, offering a comprehensive package of print and online products. Home & Textiles Today provides industry news, product trends and introductions, exclusive industry research, consumer data, store operations solutions, trade show news and much more.

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HTT Cover October 2017

See the October 2017 issue of Home & Textiles Today. In this issue, we look at the Top 25 Online Retailers.  H&TT's exclusive annual ranking of the biggest online sellers of home textiles finds that while pure play etailers continue to fly, bricks & clicks are digging into omnichannel. See details!