Kohl's Corp. (KSS: Quote) reported a 4.2 percent decline in May 2012 comparable-store sales, with the four-week total sales dropping 2.6 percent to $1.34 billion from $1.37 billion a year before.
For the year-to-date period, total sales went up 0.8 percent and comparable store sales slipped 0.9 percent.
Kohl's chairman, president and chief executive, commented, "May sales were lower than our expectations and, as a result, we now expect second quarter comparable store sales to be modestly negative. From a line of business perspective, we saw strength in Accessories. Our Men's and Women's businesses also outperformed the company average. The South Central and West were the strongest regions."
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by RTT Staff Writer
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