Kohl’s Corporation is crediting its omni-channel efforts with driving its 1.2 per cent shifted comparable sales increase for the November/ December holiday period.The shifted basis compares the nine weeks ended Jan. 5, 2019, with last year’s period, ended Jan. 6, 2018.
CEO Michelle Gass said the comp gain, “builds on the positive momentum we have achieved throughout the year. The organization once again delivered a very strong holiday that topped last year’s exceptional holiday season.”
She cited the company’s product offering, marketing strategy, and execution in stores and online with helping strengthen seasonal sales.“We are particularly pleased with the positive transaction growth and the double-digit digital growth we experienced this holiday, as our customers continue to embrace the omni-channel investments we are making,” she added. Encouraged by the results, the company now expects fiscal 2018 diluted earnings per share in the range of $5.50 to $5.55, up from prior guidance of $5.35 to $5.55.