Kohl's first-quarter profit falls 5 percent

Thu May 16, 2013 7:18am EDT

May 16 (Reuters) - Department store chain Kohl's Corp reported a 5 percent drop in first-quarter profit after sales fell due to unusually cold weather in large parts of the United States.

Comparable-store sales fell 1.9 percent.

Kohl's, which caters to price-sensitive middle-class shoppers, reported net income of $147 million, or 66 cents per share in the quarter ended May 4, compared with $154 million, or 63 cents per share, a year earlier.

Overall sales fell 1 percent to $4.2 billion.

A couple walks along the rough surf during sunset at Oahu's North Shore, December 26, 2013. REUTERS/Kevin Lamarque

Find your dream retirement town

Florida? Hawaii? Reuters has teamed up with Zillow to give you the power to customize a list of your best places to retire.  Video | Full Article