March 2, 2006
KOHL'S CORPORATION REPORTS FEBRUARY SALES
MENOMONEE FALLS, Wis., March 2, 2006 — Kohl's Corporation
(NYSE: KSS) reported today that sales for the four-week period ended
February 25, 2006 increased 14.9 percent over the four-week period
ended February 26, 2005. On a comparable store basis, sales increased
3.4 percent.
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Sales Summary ($ in millions)
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Fiscal Period Ended
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% Inc. - This Year
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February 25,
2006
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February 26,
2005
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All
Stores
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Comp Stores
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February
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$ 818.6
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$ 712.7
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14.9%
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3.4%
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On February 25, 2006, the Company operated 732 stores in 41 states,
compared with 637 stores in 40 states at the same time last year.
The Company celebrates the grand opening of nine new stores today.
In April, the Company plans to open eight additional stores, including
its entry into the Portland, OR market with four stores.
The Company expects to open the balance of its planned 80-85 stores
for 2006 in the third fiscal quarter. The Company will make its
initial entry into the state of Washington with stores in the Seattle
market and will continue its expansion into Florida.
Comments regarding the Company's sales results will be provided
in a pre-recorded telephone message. This message is accessible
by calling (630) 652-3103 and will be available for 36 hours.
Bank of America Conference
Larry Montgomery, Kohl's chairman and chief executive officer, will
be speaking at the Bank of America Consumer Conference in New York
City on March 15, 2006, at the New York Palace Hotel at 9:40 AM
(EST). The presentation will be Webcast live (audio only) over the
Internet via the Bank
of America 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, including guidance on the Company's targeted
sales and earnings. 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, Vice President of Public Relations, (262) 703-1464
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