Kohl's Corporation Reports February Comparable Store Sales
March 06 2008 - 8:30AM
Business Wire
Kohl�s Corporation (NYSE:KSS) reported today that sales for the
four-week period ended March 1, 2008 increased 4.6 percent over the
four-week period ended March 3, 2007. On a comparable store basis,
sales decreased 3.8 percent. � Sales Summary ($ in millions) Fiscal
Period Ended � % Change This Year March 1, � March 3, All � Comp
2008 2007 Stores Stores � February $ 971.6 $ 929.3 4.6% -3.8% � On
March 1, 2008, the Company operated 929 stores in 47 states,
compared to 817 in 45 states at the same time last year. On March
13th, the Company will celebrate the grand opening of fourteen new
stores. In April, the Company plans to open an additional fourteen
stores. The balance of its planned 70-75 stores for 2008 are
expected to open in the third fiscal quarter, including its initial
entry into the Miami-Ft. Lauderdale market. 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 6 until 8:30 PM EST on Friday, March 7.
The toll-free dial-in number for the replay is (888) 360-2596 (no
pass code required). Bank of America 2008 Consumer Conference Larry
Montgomery, Kohl�s chairman and chief executive officer, will
present at the Bank of America 2008 Consumer Conference at 8 AM on
March 12th at the New York Palace. You may view the live
audio-webcast of the presentation by going to www.kohls.com
("investor relations"/"calendar of events") and clicking on the
following link:
http://www.veracast.com/webcasts/bas/consumer08/id38201178.cfm. The
webcast replay will be available one hour after the conclusion of
the live event, and continue though March 28, 2008. 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 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. About Kohl�s Based in Menomonee Falls,
Wis., Kohl�s (NYSE: KSS) is a family-focused, value-oriented
specialty department store offering moderately priced, exclusive
and national brand apparel, shoes, accessories, beauty and home
products in an exciting shopping environment. A company committed
to the communities it serves, Kohl�s operates 929 stores in 47
states and has raised more than $85 million for children�s
initiatives nationwide through its Kohl�s Cares for Kids�
philanthropic program. For a list of store locations and
information, or for the added convenience of shopping online, visit
www.kohls.com.
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