US: Kohl’s posts increased Q3 profit
By just-style.com | 11 November 2010
- Q3 net earnings up 0.5% to US$194m
- Net sales up 4.1% to $4.2bn
- Comparable store sales rise 1.8%
Department store retailer Kohl’s Corporation saw its third quarter profit edge up by US$1m on the back of revenue and same store sales increases in the three months to 30 October.
“We continue to gain market share as reflected in our performance in both comparable and total sales growth,” said Kevin Mansell, chairman, president and CEO.
“This sales performance, along with strong inventory management, allowed us to continue to increase our gross margin rate.”
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