March 8, 2007
KOHL'S CORPORATION REPORTS FEBRUARY COMPARABLE STORE SALES INCREASE
OF 4.4 PERCENT
MENOMONEE FALLS, Wis., March 8, 2007 — Kohl's Corporation
(NYSE: KSS) reported today that sales for the four-week period ended
March 3, 2007 increased 12.8 percent over the four-week period ended
February 25, 2006. On a comparable store basis, sales increased
4.4 percent.
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Sales Summary ($ in millions)
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Fiscal Period Ended
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%
Increase
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This Year
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March 3,
2007
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February 25,
2006
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All Stores
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Comp Stores
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February
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$ 929.3
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$ 823.7
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12.8%
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4.4%
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On March 3, 2007, the Company operated 817 stores in 45 states,
compared to 732 in 41 states at the same time last year.
The Company celebrates the grand opening of seven new stores today.
In April, the Company plans to open ten additional stores, including
its initial entry into Idaho. The balance of its planned 110-115
stores for 2007 are expected to open in the third fiscal quarter.
Comments regarding the Company's sales results will be provided
in a pre-recorded telephone message, which will be available for
36 hours, from 8:30 AM EST on Thursday, March 8 until 8:30 PM EST
on Friday, March 9. The dial-in number for the replay is (719) 457-0820
(Pass Code: 5851284).
Bank of America Conference
Kevin Mansell, Kohl's president, will be presenting at the Bank
of America Conference at the New York Palace Hotel on March 14,
2007 at 3:20 PM EDT. To listen to the live web cast of the presentation,
go to http://www.veracast.com/webcasts/bas/consumer07/id91209118.cfm.
After the completion of this conference, a full audio web cast will
be available until March 30, 2007.
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 in Item 1A in 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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