Financials - Retail chains bet on the web - Internet Retailer

Via Scoop.it – Monetizing The Customer Experience

Internet Retailer – E-Retailers/Financials – Retail chains bet on the web…   Two big retail chains emphasized their growing investments in e-commerce this week as they reported disappointing overall financial results. Kohl’s Corp., which for the first time exceeded $1 billion in online sales in its latest fiscal year, projected another 40% increase in web sales in the coming 12 months and said it would shift capital expenditures to the web.   “We are going to reallocate our capital expense spending within our overall capital allocation plans,” Kevin Mansell, chairman and CEO, told analysts yesterday. “For 2012, we will fund our online, as well as our technology investments, at an accelerated pace from last year.” Kohl’s is No. 31 in the Internet Retailer Top 500 Guide.   Read More: http://www.internetretailer.com/2012/02/24/retail-chains-bet-web
Via www.internetretailer.com

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