Exhibit 99.1
National & Retail Trades and First Call
For release: April 9, 2009 at 8:30 AM (EDT)
KOHL'S CORPORATION REPORTS MARCH COMPARABLE STORE SALES
MENOMONEE FALLS, WI, -- (Business Wire) –April 9, 2009 -- Kohl’s Corporation (NYSE: KSS) reported today that total sales for the five-week month ended April 4, 2009 increased 0.5 percent from the five-week month ended April 5, 2008. On a comparable store basis, sales decreased 4.3 percent.
Quarter and year-to-date, total sales increased 1.8 percent and comparable store sales decreased 3.2 percent.
Kevin Mansell, Kohl’s president and chief executive officer, commented, “Sales results for March exceeded our expectations. Home outperformed the Company from a line-of-business perspective and the Southwest was our strongest performing region.”
| | | | | | | |
| Fiscal Period Ended | | % Change This Year |
| Apr. 4, | | Apr. 5, | | All | | Comp |
($ in millions) | 2009 | | 2008 | | Stores | | Stores |
Month | $ 1,433 | | $ 1,426 | | 0.5% | | -4.3% |
Quarter-to-Date and Year-to-Date | 2,439 | | 2,397 | | 1.8% | | -3.2% |
As of April 4, 2009, the Company operated 1,022 stores in 49 states, compared to 943 in 47 states 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 for 36 hours, from 8:30 AM EDT on Thursday, April 9, until 8:30 PM EDT on Friday, April 10. The toll-free, dial-in number for the replay is (888) 360-2596. (No pass code is required.)
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.
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. Kohl’s operates 1,022 stores in 49 states. A company committed to the communities it serves, Kohl’s has raised more than $126 million for children’s initiatives nationwide through its Kohl’s Cares for Kids® philanthropic 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, visitwww.kohls.com.
Investor Relations: Wes McDonald, Chief Financial Officer, (262) 703-1893
Media: Vicki Shamion, Vice President – Public Relations, (262) 703-1464
