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Kohl’s profit up 6%; raises full-year outlook
Menomonee Falls, Wis. -- Kohl’s Corp. said Thursday its first-quarter earnings rose 6%, helped by online sales and Easter demand in the Southeast.
Net income rose to $211 million from $199 million in the year-ago period. Sales in the quarter ended April 30 rose 3.1% to $4.16 billion. Same-store sales were up 1.3%.
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Report: Target setting up three DCs in Canada
New York City -- Target Corp. is setting up three distribution centers in Canada in preparation for its debut north of the border, according to a report in The Globe and Mail.
Although the retailer could have supplied the stores from its U.S. warehouses, it chose to set up a network specifically for its Canadian operations, the report said, with DCs planned for Toronto, Calgary and Vancouver.