News

Menomonee Falls, Wis. -- Kohl's Corp. reported Thursday that profit for the quarter ended July 30 rose 17% to $303 million, compared with $260 million in the year-ago period. The retailer cited tightened cost controls and success of store-label brands for the improved performance, and has raised its full-year guidance.

Kohl’s said it is on track to open an additional 31 stores this year, as well as remodel another 15 stores next month. The company opened nine and remodeled 85 stores in the first half of the year.

The retirement of veteran merchant John Westling was announced internally at Walmart last Friday, and in typical fashion his departure has created new opportunities for other executives as responsibilities are reallocated.

NEW YORK — Macy's announced that Dev, The Ready Set, Soulja Boy, Cris Cab and Motion City Soundtrack will be among the artists performing at its mstylelab free concerts at 15 Macy's stores nationwide. 

Concert attendees will have the chance to connect with musicians while exploring the newly revamped mstylelab lounge. On display will be back-to-school styles and accessories from Macy's exclusive brands American Rag and Material Girl.

HOFFMAN ESTATES, Ill. — Parents will spend more on apparel for this school year versus last year, a new survey from Sears and BlogHer, a network of women social media leaders, revealed. 

MINNEAPOLIS — Target announced that 1,650 of its pharmacy locations, in addition to its clinics, are offering flu shots at no appointment necessary, effective Aug. 15.

Target pharmacists and clinicians at Target Clinic will administer flu shots during regular pharmacy and clinic hours — including evenings and weekends — for $25. This year's vaccine protects against seasonal flu, H1N1 and H3N2, another virus subtype that causes the flu, the company said.

MENOMONEE FALLS, Wis. — Strong private brand performance and smarter expense management helped Kohl's deliver a hefty earnings increase and respectable sales growth for its second quarter.

The company reported second quarter diluted earnings per share increased 30% to $1.09. Net income for the quarter was $303 million, compared with $260 million (84 cents per diluted share) a year ago. Net sales were $4.2 billion, an increase of 3.6% over the comparable prior year quarter. Comparable-store sales for the quarter increased 1.9%.

By William F. Hauswirth, president of IntelliCorp

You review the resume, conduct the interview, pick the perfect candidate, and make a job offer. Now you have the person start immediately, right? Wrong. What you don’t know about a job applicant can hurt you. It’s not good business practice to hire just anyone who walks through your door. You need to know who they are, and their history. Don’t be a victim of deceit by simply looking at a resume or take someone’s word that they are honest and qualified.

ST. LOUIS — Save-A-Lot, the hard-discount, limited-assortment grocery chain owned by Supervalu, on Tuesday dispatched two "brand ambassadors" on the Save-A-Lot Fuel Your Family Road Trip. The "Road Scholars" will make pitstops at Save-A-Lot locations in 10 cities between Aug. 7 and Aug. 28 to help raise awareness that Save-A-Lot can be the go-to source for affordable, high-quality food.