Kohl’s holiday quarter sales decline by 10 percent

Kohl’s Corporation has said in a statement that fourth quarter revenue declined approximately 10 percent, including a comparable sales decrease of 11 percent. Based on this, the company expects diluted earnings per share to be in the range of 1 dollar to 1.05 dollars. The company added that these preliminary results reflect a better than expected gross margin rate and strong SG&A expense management.