Kohl's (KSS) Nov Comps Up 10.2%
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Kohl's Corporation (NYSE: KSS) said November comparable store sales increased 10.2 percent. Total sales increased 20%.
Larry Montgomery, Kohl’s Chairman and Chief Executive Officer, commented, "November sales benefited from a calendar shift, as we expected. Sales in weather-sensitive categories such as outerwear, fleece and cold weather accessories were very strong with the onset of more seasonable temperatures. We continue to expect December’s comparable sales to be negative mid to high single digits as a result of the shift. Our comparable sales guidance for the quarter remains flat to (2) percent."
Larry Montgomery, Kohl’s Chairman and Chief Executive Officer, commented, "November sales benefited from a calendar shift, as we expected. Sales in weather-sensitive categories such as outerwear, fleece and cold weather accessories were very strong with the onset of more seasonable temperatures. We continue to expect December’s comparable sales to be negative mid to high single digits as a result of the shift. Our comparable sales guidance for the quarter remains flat to (2) percent."
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