Kohl’s Corp. registered gross margin improvement despite declines in profits and sales in the fourth quarter.
In the 13 weeks ended Feb. 1, the Menomonee Falls, Wis.-based midtier department store registered net income of $334 million, or $1.56 a diluted share, down 11.6 percent from the $378 million, or $1.66, logged in the final quarter of 2012. Kohl’s had projected earnings per share of $1.53 in updated guidance, and analysts, on average, expected EPS of $1.54.
A Stella McCartney sketch of a custom dress made from protein-based silk in partnership with biotech lab Bolt Threads. The dress will be displayed at The Museum of Modern Art's upcoming design exhibition, "Items: Is Fashion Modern?"