March 3, 2005
KOHL'S CORPORATION REPORTS FEBRUARY COMPARABLE SALES
INCREASE OF 6.1 PERCENT
MENOMONEE FALLS, Wis., March 3, 2005 Kohl's Corporation
(NYSE: KSS) reported today that sales for the four-week period ended
February 26, 2005 increased 20.4 percent over the four-week period
ended February 28, 2004. On a comparable store basis, sales increased
6.1 percent.
|
Sales Summary ($ in millions)
|
|
|
Fiscal Period Ended
|
% Inc. - This Year
|
| |
February 26,
2005
|
February 28,
2004
|
All
Stores
|
Comp Stores
|
|
February
|
$ 712.7
|
$ 592.2
|
20.4%
|
6.1%
|
On February 26, 2005, the Company operated 637 stores in 40 states,
compared with 542 stores in 36 states at the same time last year.
The Company celebrates the grand opening of 15 new stores today,
including four stores in the Southwest region, three stores each
in the Mid-Atlantic, South Central and Southeast regions and two
stores in the Midwest region. In April, the Company plans to open
17 additional stores, including three new stores in the Buffalo,
New York market. Additionally, the Company will open one store in
May.
The Company expects to open the balance of its planned 95 stores
for 2005 in the third fiscal quarter. New markets include Orlando
and Jacksonville, Florida.
Comments regarding the Company's sales results will be provided
in a pre-recorded telephone message. This message is accessible
by calling (402) 220-0820 and will be available for 36 hours.
Merrill Lynch Conference
Kevin Mansell, Kohl's President, will be speaking at the Merrill
Lynch Global Retail Leaders Conference in New York City on March
23, 2005, at the Pierre Hotel at 8:40 AM (EST). The presentation
will be Webcast live (audio only) over the Internet via the Merrill
Lynch Website or through the Company's Website located at www.kohls.com
(see "Company News"). For those who cannot listen to the
live broadcast, a seven-day replay will be available shortly after
the call. To access the replay, simply visit the link above.
Cautionary Statement Regarding Forward-Looking
Information
This press release contains "forward-looking
statements" within the meaning of the Private Securities Litigation
Reform Act of 1995. Kohl's intends forward-looking terminology such
as "believes," "expects," "may," "will,"
"should," "anticipates," "plans,"
or similar expressions to identify forward-looking statements. Such
statements are subject to certain risks and uncertainties, which
could cause Kohl's actual results to differ materially from those
anticipated by the forward-looking statements. These risks and uncertainties
include, but are not limited to those described on Exhibit 99.1
to Kohl's annual report on Form 10-K, which is expressly incorporated
herein by reference, and other factors as may periodically be described
in Kohl's filings with the SEC.
# # #
Investor Relations Contact:
Wes McDonald, Chief Financial Officer, (262) 703-1893
Public Relations Contact:
Vicki Shamion, Director of Public Relations, (262) 703-1464
|