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Kohl's Q3 profit flat, revenue rises
Menomonee Falls, Wis. -- Kohl's Corp. reported late Wednesday it earned $194 million in the quarter ended Oct. 30, compared with nearly identical net income of $193 million in the year-ago period. The retailer cited rising costs for the flat profit performance.
Revenue rose 4.2% to $4.22 billion, just missing Wall Street expectations of $4.3 billion.
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Gap’s China stores debut along with an online retail store
Shanghai, China -- Gap announced late Wednesday that its first four wholly owned Gap stores have debuted in China, along with the launch of its online retailer store gap.cn.
Each store will house all Gap collections: Gap, GapKids, Baby Gap and Gap Body.