Home / Knowledge / News / Apparel/Garments / Earnings rise despite sales dip at Kohl's in Q2FY15
Earnings rise despite sales dip at Kohl's in Q2FY15
16
Aug '14
Earnings improved at department store chain Kohl’s in fiscal second-quarter ending August 2, as lower expenses hid a marginal decline in revenue.

In the second fiscal quarter of 2014, Kohl’s reported a profit of $232 million, up slightly from $231 million, a year earlier.

Diluted earnings per share rose 9 percent to $1.13 in the quarter under review from $1.04 in the comparable quarter of the previous fiscal year.

Sales fell slightly by 1.1 percent to $4.24 billion in the second fiscal quarter of 2014 against $4.28 billion in same period of 2013, while comparable store sales declined 1.3 percent.

During the quarter under review, gross margin narrowed slightly to 39 percent from 39.1 percent year-on-year, while operating expenses fell 1.8 percent from a year earlier to $1.2 billion.

“Sales improved as the quarter progressed, with the most dramatic improvement happening in July as we achieved positive sales at existing stores in the same month,” said CEO Kevin Mansell.

Kohl’s added 5 new stores from the same quarter last year and ended the quarter with 1,160 stores in 49 states.

Fibre2fashion News Desk - India

Must ReadView All

Textiles | On 29th May 2017

Special package creates 7,50,000 jobs in garment sector

The special garment package of Rs 6,000 crore that was introduced by...

Md Siddiqur Rahman, president, BGMEA, addressing a press conference with other dignitaries. Courtesy: BGMEA

Apparel/Garments | On 29th May 2017

BGMEA asks govt for 5% incentive for 2 years in Budget

The Bangladesh Garment Manufacturers and Exporters Association...

Textiles | On 29th May 2017

Tintex, Bruckner bring new effects to knitted fabric

The textile company Tintex has joined hands with the system supplier...

Interviews View All

Rahuul Jashnani
Jashn

‘Online economy has changed the whole dynamics of buying habits.’

Claudia Kersten
Global Organic Textile Standard

‘GOTS is a very efficient supply chain management tool, especially for...

Subhashini Srinivasan
The S Studio

Ethnicwear market will see an upward trend if uniqueness and quality are...

Lynda Kelly
Suominen Corporation

Suominen Corporation is a manufacturer of nonwovens as roll goods for...

Mark Paterson
Technical Absorbents Ltd

Mark Paterson, R&D manager of Technical Absorbents Ltd talks about Super...

Johan Berlin
InvestKonsult Sweden AB

Investkonsult Sweden AB has been buying and selling second-hand textile...

Ritu Kumar
Label Ritu Kumar

‘Classics will return’ "There are a lot of people wearing western clothes ...

Karan Arora
Karan Arora

Bridal couture created with rich Indian heritage, exquisite craftsmanship...

Bani Batra

Bani Batra’s couture wedding collection is inspired by traditional Indian...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

news category


Related Categories:
May 2017

May 2017

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

SUBSCRIBE


Browse Our Archives

GO


E-News Insight
Subscribe Today and Get the
Latest News Update in Your Mail Box.
Advanced Search