Kohl's reports lower August comps, but maybe retailer is a buy?

Filed under: Wal-Mart (WMT), Target Corp. (TGT), Kohl's Corp (KSS)

Earlier this week, Kohl's (NYSE: KSS) issued its August sales report. Kohl's hasn't been on my list of potential buys, but like I said back in May, the stock has been technically strong. I wanted to check back in with the retailer to see how things are going.

According to the press release, total net sales increased 4.8%. We don't care too much about total sales, though. We want to know what the same-store sales say about the company. That stat is way more vital for this sector. Unfortunately, comps were up a pitiful 0.2% last month, and they declined by 2.7% for the year-to-date period.

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Kohl's reports lower August comps, but maybe retailer is a buy? originally appeared on BloggingStocks on Sat, 05 Sep 2009 16:10:00 EST. Please see our terms for use of feeds.

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