Kohl’s notes a small rise in sales

Kohl's has reported a small increase in its net sales in the second quarter of the current year. Net sales scaled up by 2.2 percent to $3.8 billion, while same-store sales dipped 2.3 percent. It noted a 3 percent drop in its net income to $229 million. The retail chain believes its sales in the first half of 2009 has crossed expectations. Although it did identify that consumers continue to spend cautiously.

There have been 19 new outlets of Kohl's being launched in the first six months ending August 1, 2009, and another 37 are in the pipeline for end of the year.