Kuhlman Plans More Stores

MINNEAPOLIS-Apparel retailer Kuhlman Co. may need to close nearly double its total store count to achieve profitability by 2008, management revealed during the company’s annual meeting. Kuhlman posted a net loss last year of $8.8 million.

Kuhlman currently operates 47 units and needs to operate a total of 60 to 80 stores to meet its target, executives say. To open those new units, the company will need to raise between $6 million and $8 million in capital.

Most recently this year Kuhlman opened stores on Main Street in the Manayunk section of Philadelphia; Logan Airport in Boston; and at the Southpointe Mall in Lincoln, NE. The company also relocated two stores during the last month, one in Minneapolis and one in San Jose, CA.