Kohl’s makes progress in Q3 despite sales, profit declines

This story was originally published on Retail Dive. To receive daily news and insights, subscribe to our free daily Retail Dive newsletter. Dive Brief: Kohl’s Q3 net sales fell nearly 3% year over year to $3.4 billion, with comps down 1.7%, the department store reported Tuesday. Gross margin expanded by 51 basis points to 39.6%. Inventory of $3.9 billion was down 5% compared to last year. Net income plunged 64% to $8 million. The company has no plans to close locations beyond its usual annual review ...