Kohl's says new stores created 3,000 jobs

MENOMONEE FALLS, Wis. According to Kohl's, the new stores it has opened this spring created nearly 3,000 new jobs for local residents nationwide.

Kohl's announced the grand opening of 11 new stores to complete the 19 new Kohl’s store openings this spring, including Kohl’s debut in Alaska.

With so many retailers reporting job cuts, its nice to hear of growth from time to time. Still, Kohl's is far from immune to the economy, as the company reported fourth-quarter net income of $336 million, or $1.10 per diluted share, compared with $412 million, or $1.31 per diluted share, a year ago. Net sales were $5.2 billion, a decrease of 4.6% for the quarter. Comparable-store sales for the quarter decreased 9.1%.