Kohl’s Corporation (NYSE: KSS) reported today that for the four-week
month ended July 28, 2012 total sales increased 3.4 percent and
comparable store sales increased 1.7 percent over the four-week month
ended July 30, 2011. For the quarter, total sales decreased 1.0 percent
and comparable store sales decreased 2.7 percent from the second quarter
of 2011.
Kevin Mansell, Kohl’s chairman, president and chief executive officer,
commented, “We are pleased with the improvement in July’s comparable
store sales. We have made significant progress in improving inventory
levels as we enter the Back-to-School season and believe we have the
appropriate mix of both basics and fashion. From a line of business
perspective, Footwear, Home and Men’s all reported mid-single-digit comp
increases. The Midwest, Mid-Atlantic and Northeast were the strongest
regions in July.”
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% Change
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Total Sales
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Total Sales
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Comparable Sales
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($ in millions)
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2012
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2011
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2012
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2011
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2012
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2011
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July
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$
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1,161
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$
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1,122
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3.4
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%
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(2.9
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%)
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1.7
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%
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(4.6
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%)
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Quarter
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$
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4,205
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$
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4,248
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(1.0
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%)
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3.6
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%
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(2.7
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%)
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1.9
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%
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Year to Date
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$
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8,447
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$
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8,410
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0.4
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%
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3.4
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%
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(1.3
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%)
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1.6
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%
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The Company operates 1,134 stores in 49 states, compared to 1,097 stores
at the same time last year.
Comments regarding the Company’s sales results will be provided in a
pre-recorded telephone message, which will be available from 8:30 a.m.
ET on Thursday, August 2, 2012 until 8:30 p.m. ET on Friday, August 3,
2012. The toll-free, dial-in number for the replay is (888) 360-2596.
(No pass code is required.)
Second Quarter 2012 Earnings
The Company will report second quarter 2012 earnings at 7:00 a.m. ET on
Thursday, August 9, 2012. The Company will host a conference call at
8:30 a.m. ET on August 9, which can be accessed by dialing (706)
902-0486 and referencing Conference ID 14680638, or via the Company's
web site at http://www.kohlscorporation.com/InvestorRelations/event-calendar.htm.
Replays of the call and web cast will be available.
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. With a commitment to
environmental leadership, Kohl’s operates 1,134 stores in 49 states. In
support of the communities it serves, Kohl’s has raised more
than $208 million for children’s initiatives nationwide through its
Kohl’s Cares® cause merchandise program, which operates under Kohl's
Cares, LLC, a wholly-owned subsidiary of Kohl's Department Stores, Inc.
For a list of store locations and information, or for the added
convenience of shopping online, visit www.Kohls.com, or
join the discussion on Facebook http://www.facebook.com/kohls or
Twitter http://twitter.com/Kohls.
