February 23, 2017 / 12:07 PM / in 10 months

Kohl's reports lower-than-expected quarterly sales

Feb 23 (Reuters) - Department store operator Kohl’s Corp reported lower-than-expected quarterly sales as it struggles with low demand for apparel and competition from online retailers.

Net income fell to $252 million, or $1.44 per share, in the fourth quarter ended Jan. 28, from $296 million, or $1.58 per share, a year earlier.

Net sales fell to $6.21 billion from $6.39 billion a year earlier, falling for the fourth straight quarter. Analysts on average had expected revenue of $6.22 billion, according to Thomson Reuters I/B/E/S. (Reporting by Sruthi Ramakrishnan in Bengaluru; Editing by Shounak Dasgupta)

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