Kohl’s reports; Sephora is a big driver
What: Kohl’s reported its Q2 earnings and is implementing more of Sephora's merchandise in its stores.
Why it is important: Sephora has given Kohl’s the ability to grow and attract more customers.
Kohl’s reported a decrease of 4.8% in sales to USD 3.7 billion and a drop in net income to USD 58 million from USD 143 million compared to 2022. Due to Sephora’s success in attracting new young customers and yielding a 20% increase in beauty and fragrance sales, Kohl’s tested with 5 stores to carry Sephora merchandise. Forty-five additional stores will also follow this format in smaller 750-square-foot Kohl’s locations.
The company projects a sales increase of 2 to 4% and a rise in earnings per diluted shares from USD 2.10 to USD 2.70.
Related posts
Central unveils new $575 million Bangkok mall
Central unveils new $575 million Bangkok mall
Heading 1
Heading 2
Heading 3
Heading 4
Heading 5
Heading 6
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam, quis nostrud exercitation ullamco laboris nisi ut aliquip ex ea commodo consequat. Duis aute irure dolor in reprehenderit in voluptate velit esse cillum dolore eu fugiat nulla pariatur.
Block quote
Ordered list
- Item 1
- Item 2
- Item 3
Unordered list
- Item A
- Item B
- Item C
Bold text
Emphasis
Superscript
Subscript
Grupo Falabella raises its profits to $167 million and increases its projection for the end of 2025
Grupo Falabella raises its profits to $167 million and increases its projection for the end of 2025
Heading 1
Heading 2
Heading 3
Heading 4
Heading 5
Heading 6
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam, quis nostrud exercitation ullamco laboris nisi ut aliquip ex ea commodo consequat. Duis aute irure dolor in reprehenderit in voluptate velit esse cillum dolore eu fugiat nulla pariatur.
Block quote
Ordered list
- Item 1
- Item 2
- Item 3
Unordered list
- Item A
- Item B
- Item C
Bold text
Emphasis
Superscript
Subscript