A strong Christmas surge helped Kohl's Corp. to report a comparable store sales increase of 3 percent in December.
The Menomonee Falls-based department store chain's total sales for December increased to $2.8 billion, up 11.2 percent from $2.5 billion in the same month a year earlier.
Larry Montgomery, Kohl's chairman and chief executive officer, said, "December's sales results were driven by strong performance over the last two weeks as a result of last-minute shoppers in the fourth week and gift card redemptions in the last week of the month. This helped offset weak consumer demand of cold-weather merchandise such as outerwear, sweaters, and boots throughout the month."
Montgomery said the Company "remains comfortable" with its previous earnings guidance of $1.36 to $1.42 per diluted share for the fourth quarter.
Last-minute shoppers give Kohl's a good Christmas
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