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Article: Cost cuts, exclusive brands drive Kohl's 3Q profit
- Article from:
- AP Online
- Article date:
- November 12, 2009
- Author:
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Kohl's Corp.'s sales of exclusive brands and tight inventory control helped its third-quarter profit rise 21 percent, the company said Thursday.
The results led the department-store chain to raise its full-year earnings guidance. But CEO Kevin Mansell said he expects consumers to "continue to be conservative" in their spending over the holidays.
Kohl's has benefited from its expansion of exclusive brands like Dana Buchman, Simply Vera Vera Wang, and LC by Lauren Conrad, which launched in October, as well as cost-cutting.
"We continue to experience improvement in inventory management and increased penetration in 'Only at Kohl's' brands," CEO Kevin ...