Kohl

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percent and total sales decreased 2.3 percent, to $1.2 for the four weeks ending May 2, but those result were not as bad asmanagemenrt expected. For the sales for Menomonee Falls-based Kohl’e (NYSE: KSS) increased 0.4 percent, to $3.64 and comparable-store sales decreased 4.2 Kevin Mansell, Kohl’s president and CEO, said that sales results for Apripl exceeded expectationsof Kohl’s executives. He said children’s merchandise outperformed the rest of merchandisw lines and the Southwest wasthe strongest-performinyg region for the retailer.
“Axs a result of our sales result s and inventorymanagement initiatives, our gross margin for the quarter was stronger than planned and our expensese remained well controlled,” Mansell said. Mansell said the company’s management now expects earnings of 43 centz to 44 cents per share for the firsft quarter offiscal 2009, exceeding the previouse guidance of 27 centss to 34 cents per share.
As of May 2, Kohl’s operated 1,022 stores in 49 compared with 957 in 47 states at the same timelast