Tag Archives: Kohl’s

Record to Succeed Hannah as J.C. Penney CFO


PLANO, Texas-Edward Record has been named executive vice president and chief financial officer of J.C. Penney. Record will succeed Ken Hannah on March 24. Hannah will stay on as the retailer’s financial chief “to ensure a smooth transition,” according to a J.C. Penney statement. The statement did not comment on Hannah’s future plans. Record willMore »

Last updated: February 13, 2014

Kohl’s Q4 Comps Drop 2 Percent


MENOMONEE FALLS, Wis.-Same-store sales for Kohl’s in its fiscal fourth quarter were down 2 percent, according to a preliminary statement on the company’s financial results for the quarter. The statement said Kohl’s managed a 0.8 percent gain in same-store sales for the combined November-December period. However, January sales turned up less than expected due toMore »

Last updated: February 6, 2014

Kohl’s Net Falls 17.7 Percent in Q3


MENOMONEE FALLS, Wis.-Declines in both sales and margins pressured Kohl’s bottom line to a 17.7 percent shortfall, totaling $177 million, in its fiscal third quarter ending on Nov. 2. Net sales were down 1 percent to $4.4 billion, including a drop of 1.6 percent in same-store sales. Gross margin was off 64 basis points toMore »

Last updated: November 14, 2013

Rick Zugel of DKB Dies

Rick Zugel

SHEBOYGAN, Wis.—Rick Zugel, director of sales at DKB Household, passed away on Nov. 10. He was 63. Zugel spent his career in housewares sales, most recently with DKB Household and previously with Wilton Products, the Sunbeam Corporation, Mirro Company (a division of Newell Rubbermaid), Regent Sheffield LTD and Regal Ware, Inc. A graduate of theMore »

Last updated: November 13, 2013

Kohl’s to Open Three New Stores Today


MENOMONEE FALLS, Wis.–Kohl’s plans to open three new stores and remodel 30 this fall. Stores opening today include Hyannis, Mass., Keene, N.H. and Michigan City, Ind., bringing the company’s total store count to 1,158 stores in 49 states. “As we focus on creating a customer-focused, omnichannel experience, we continue to invest in our new andMore »

Last updated: September 27, 2013

Kohl’s Net Drops 3.8 Percent in Q2


MENOMONEE FALLS, Wis.-Although sales headed in a mostly positive direction, Kohl’s finished its fiscal second quarter with a 3.8 percent decline in net income, to $231 million. Net sales in the quarter, which ended on Aug. 3, gained 2 percent to $4.3 billion, including an uptick of 0.9 percent in same-store sales. Gross margin edgedMore »

Last updated: August 15, 2013