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Dismal Q2 for Kohl’s
New York -- It’s been a rough week for department stores.
Kohl’s Corp. joined Macy’s and Dillard’s this week in reporting disappointing earnings and weak same-store sales growth.
Kohl’s posted a profit of $130 million in the second quarter ended Aug. 1, down from $232 million in the prior-year quarter.
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Nordstrom avoids the department store doldrums
In a week in which many of the nation's major department stores reported disappointing financial results, Nordstrom showed once again how to drive sales growth.
The Washington-based retailer reported that total sales rose 9.2% from the same quarter in 2014, while same store sales rose 4.9%. The company posted a profit of $211 million, or $1.09 a share, compared with $183 million, or 95 cents a share, a year earlier. Revenue, which includes revenue from its credit cards, rose 9% to $3.7 billion.

