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.

Videos

  • Patti Carpenter Talks Color and its Importance in the Home

    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 August 2017 cover

    HFN's DIGITAL EDITION

    August 2017


    COVER STORY: Sharpening the Focus on Millennials

    Find out what makes Millennials tick when it comes to home decorating, shopping and at-home entertaining with HFN's annual consumer study. Turns out, Millennials favor the in-store shopping experience.


    ALSO IN THIS ISSUE:

    • Power of the People - Crowdfunding campaigns provide needed capital, feedback for home and housewares product launches.
    •  Omnichannel Retailing: Visual Search Takes Off - Learn how voice and visual search are revolutionizing product discovery.