Kohl's apparel & footwear biz sees positive sales in June
12 Jul '08
1 min read
Kohl's Corporation reported that sales for the five-week period ended July 5, 2008 increased 10.9 percent over the five-week period ended July 7, 2007. On a comparable store basis, sales increased 2.3 percent.
For the 22 weeks ended July 5, 2008, total sales were up 3.5 percent over the 22 weeks ended July 7, 2007. On a comparable store basis, sales for the 22-week period decreased 4.8 percent.
Larry Montgomery, Kohl's Chairman and Chief Executive Officer, commented, “Seasonal businesses such as shorts and tees improved in June as regions such as the Northeast and Mid-Atlantic experienced warmer weather.
All apparel businesses, along with accessories and footwear, achieved positive comparable sales increases. Our inventories remain well-controlled and we enter July with inventory per store well below last year.”
On July 5, 2008, the Company operated 957 stores in 47 states, compared to 834 in 46 states at the same time last year.
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