MENOMONEE FALLS -- Menomonee Falls-based Kohl's Corp. reported results for the company's first fiscal quarter of 2021 on Tuesday, May 19; the quarter ended on May 2.
Among the data reported by the company, was a 43.5% drop in sales and a 40.6% drop in total revenue -- down more than $1.5 billion from 2019.
The company also reported a $541 million net loss of income for the quarter and an adjusted net loss income of $495 million.
Actions Taken In Response to COVID-19
As part of the COVID-19 response, the Kohl's announced that it has taken the following actions to preserve financial liquidity and financial flexibility:
Statement from Michelle Gass, Kohl's CEO: