(Filed Under Financial and General Interest News). For the first quarter ended May 2, 2009, Kohl’s reported a 0.4 percent increase for the quarter in net sales, which totaled at $3.6 billion, coupled with a comparable store sales decrease of 4.2 percent.
Although the company reported a 10.5 percent drop in net income for first quarter admid weak sales, it beat market analysts’ estimates.
During the quarter, Kohl’s opened up 19 new stores, ending the period with 1,022 stores in 49 states, compared with 957 stores in 47 states at the end of last year’s first quarter.see more
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