Kohl's Posts a Midsummer Surprise Retailer Beats Expectations with Small Gain, but Industry Suffers

Summary


By DORIS HAJEWSKI

Kohl's Corp. expects higher profits for the second quarter after sales in July were better than expected.

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Extract


Kohl's Posts a Midsummer Surprise Retailer Beats Expectations with Small Gain, but Industry Suffers

But industrywide, shoppers remained tight-fisted in July, resulting in sluggish sales for many merchants and raising concern about the back-to-school shopping season's health.

Menomonee Falls-based Kohl's reported a 0.4% increase in same- store sales...

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