Kohl's and rivals such as Macy's Inc and J.C. Penney Co Inc have
been struggling with declining mall traffic and tough online
In response, they have been cutting costs by closing stores,
selling or leasing their real estate and keeping a tight leash
Sales at Kohl's stores open for more than a year fell for the
sixth straight quarter to 0.4 percent, but were better than the
1.5 percent decline expected by analysts polled by research firm
"Though transactions for the quarter were lower than last year,
July transactions increased," Chief Executive Kevin Mansell said
in a statement.
The company's net income rose to $208 million, or $1.24 per
share, in the second quarter ended July 29 from $140 million, or
77 cents per share, a year earlier.
The company had recorded charges of $128 million related to
impairments and store closures in the comparable quarter.
Net sales fell 1 percent to $4.14 billion.
Analysts on average had expected an adjusted profit of $1.19 per
share and revenue of $4.13 billion, according to Thomson Reuters
(Reporting by Sruthi Ramakrishnan in Bengaluru, Editing by Anil
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