Kohl's focuses on financial strengths
May 21, 2002-- Home Textiles Today,
Milwaukee — Kohl's executives focused on the company's financial progress in the 10 years since it has become a public company at this morning's annual shareholder meeting here.
Larry Montgomery, ceo, noted that 2001 marked the sixth consecutive year of earnings growth in excess of 30 percent. After the meeting, Jack Moore, executive vp, merchandising, told HTT that the company is continuing to evaluate new brands for the home textiles department.
The Martex brand added earlier this year is performing very well, he said. "In design, construction and value, the woven top-of-bed has exceeded expectations," he said.
He also noted that the brand equation in the home textiles field is evolving, pointing out that an established family of industry brands is now going up against a growing collection of licensed brands.
"I think the traditional industry brands have more competition than ever," he said.
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