Kohl's Net Drops 7.9 Percent in Fourth Quarter

MENOMONEE FALLS, Wis.-Kohl's ended its fiscal year on Jan. 28 with a 7.9 percent fall in fourth-quarter net income to $455 million. The result brought its net income for the fiscal year to $1.2 billion, up 4.2 percent over the prior fiscal year.

A laggard sales performance and rising expenses combined to trim down the department-store retailer's bottom line. Net sales were flat at $6 billion in the quarter, including a decrease of 2.1 percent in same-store sales. For the fiscal year, net sales rose 2.2 percent to $18.8 billion, including a 0.5 percent increase in same-store sales.

Gross margin in the quarter fell 65 basis points to 36.2 percent. Selling, general and administrative expenses were flat but increased 14 basis points to 19.6 percent.

Kohl's ended 2011 with 1,127 stores in 49 states, up by 38 locations from 2010.

HFN Staff | News & Commentary

HFN provides detailed information on the key home classifications: Housewares, Tabletop, Floor Covering & Rugs, Furniture, Home Textiles, Lighting, Home Decor, Mattresses & Bedding, Gifts, Major Appliances and Consumer Electronics as well as Business, Finance and Retail.


  • Von Tobel Cites Brass Textures Among Top Trends

    Camera Icon   More Videos

Subscribe to
HFN Omnichannel
Receive the news you need to know about the trends in the industry delivered right to your inbox.

Current Issue

  • HFN cover for September 2017


    September 2017


    2017 State of the Industry Report
    Cautious Optimism, Mixed Results

    Many expected 2016 would be a banner year, but the political and economic climate softened consumer confidence. It was also a year consumers spent more lavishly on home remodeling rather than decorating.


    •  TJX Unveils First U.S. Homesense Store - In a time when retailers are reducing store counts, TJX continues to get physical.
    •   Ikea’s Fluid Spaces - The retailer’s new intros reflect multifunctional rooms.
    •  N.Y. Home Fashions Market Preview - Textile textures get soft and cozy, colors warmer.