Search
 

Twin Cities Retailers Hang Tough After Rocky Q3 Results

MINNEAPOLIS-Retailers stick with expansion plans despite tough selling climate. What this might mean if the economy skids is a question.

By Jim McCartney | Updated on November 14, 2000

MINNEAPOLIS-Despite worries over retail sales and a rough third quarter for many retailers, two local chain stores say they are sticking with aggressive expansion plans this year and next.

Kohl Corp., a chain of moderate-priced suburban department stores, said it plans to enter the Atlanta market with 15 stores next year. The Menomonee Falls, WI-based retailer opened 22 new stores during the third quarter, bringing itscount to 320. It had 257 stores at the end of its fiscal third quarter a year earlier. The company also said it plans to open 55 to 60 stores in fiscal 2001. Kohl’s offers moderately priced lines from brands such as VF Corp.’s Lee, Levi Strauss & Co.’s Levis and Nike Inc.’s Nike. Kohl’s proved an exception this week, as it reported sharply higher earnings and sales compared to last year.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?

NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

GlobeSt

Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2024 ALM Global, LLC. All Rights Reserved.