Kohl's posts 1.6% comps decline in February

MENOMONEE FALLS, Wis. Kohl’s reported that total sales for the four-week month ended Feb. 28 increased 3.6% from the four-week month ended March 1, 2008. On a comparable-store basis, sales decreased 1.6%.

Kevin Mansell, Kohl’s president and CEO, commented, “February’s sales results exceeded our expectations as regular price selling offset significantly lower levels of clearance sales. Although we are pleased with the results, we intend to continue to plan sales conservatively and flow receipts accordingly in 2009.”