New jobs, new stores, more sales at Kohl's
Kohl's has managed to grow sales even as its fellow retailers suffer losses. Sales increased 8.5% during the fourth quarter and income jumped 28% for that period. The retailer reported an annual sales increase of nearly 5% for 2009, largely based on sales from new stores. Kohl's opened 51 stores in 2009.
This year Kohl's is debuting 30 new stores and remodeling 85 locations. Compare this to its more beleaguered brethren. Sears and Kmart are closing stores, Target has all but halted new store openings with just 10 new units scheduled for 2010, and JC Penney isn't talking about new stores at all as profits fell in 2009.
Looking for a job at Kohl's? Check the job listings.