May 19, 2010, 2:21 PM

Web sales boom for Kohl’s in Q1

Kohl’s customers apparently like shopping online. In Q1, web sales grew 50% while total sales and comparable-store sales increased by 11.3% and 7.4%, respectively.

Mark Brohan

Research Director

Lead Photo

Kohl's CEO Kevin Mansell

Kohl’s Corp. is coming off a strong first quarter of growth online.

For the quarter ended May 1, Kohl’s, No. 43 in the Internet Retailer Top 500 Guide, recorded:

  • Web sales increased 50% to $133.5 million from $89.0 million in the first quarter of 2009.
  • Total sales grew 11.3% to $4.04 billion from $3.63 billion in the previous year.
  • Comparable-store sales increased 7.4%.
  • Net income grew 45.3% to $199.0 million compared with net income of $137.0 million in the first quarter of the prior year.

“Total e-commerce revenue is well ahead of our plan,” CEO Kevin Mansell told Wall Street analysts on the company’s first quarter earnings call. “We continue to see the type of growth in this area that supports our decision to make major new investments in capital and infrastructure in our e-commerce business to fuel our future growth.”

Earlier this month Kohl’s announced plans to open a new 102,000-square-foot customer operations center in San Antonio, TX, in July 2010 to serve Kohls.com and Kohl’s charge card customers.

Internet Retailer calculates the web accounted for 3.3% of total sales compared with 2.5% in the first quarter of the prior year.

Comments

Sign In to Make a Comment

Comments are moderated by Internet Retailer and can be removed.

Not a member? Signup for free today!

Advertisement

Advertisement

Advertisement

Relevant Commentary

FPO

Jason Squardo / Mobile Commerce

Five tips for achieving high mobile search rankings

Searches on mobile devices will soon exceed those on computers, Google says. Retailers that keep ...

FPO

Sergio Pereira / B2B E-Commerce

Quill turns to its B2B customers for new ideas

Coming in April is a new section of Quill.com that will let customers and Quill ...

Advertisement