Kohl's Corporation Reports September Comparable Store Sales

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Thu Oct 8, 2009 8:30am EDT

http://www.businesswire.com/news/home/20091008005078/en

Raises Third Quarter Guidance 
MENOMONEE FALLS, Wis.--(Business Wire)--
Kohl`s Corporation (NYSE: KSS) reported today that total sales for the five-week
month ended October 3, 2009 increased 9.6 percent from the five-week month ended
October 4, 2008. On a comparable store basis, sales increased 5.5 percent for
the month of September. 

Total year-to-date sales were up 2.8 percent over the comparable prior year
period. On a comparable store basis, year-to-date sales decreased 1.7 percent. 

Kevin Mansell, Kohl`s chairman, president and chief executive officer,
commented, "All regions and all lines of business reported comparable store
sales increases in September. The Southwest region and the Accessories business
were once again the strongest performers with double-digit comparable store
sales increases. As a result of our quarter-to-date performance, we are raising
our third quarter earnings per share guidance from $0.40 to $0.44 per diluted
share to $0.52 to $0.54 per diluted share."

                      Fiscal Period Ended            % Change                        
                      Oct. 3,           Oct. 4,    All              Comp         
 ($ in millions)      2009              2008       Stores           Stores       
 Month                $ 1,464           $ 1,336    9.6   %         5.5   %     
 Quarter-to-date      2,779             2,591      7.2             2.9         
 Year-to-date         10,223            9,941      2.8             -1.7        


On September 30, 2009, the Company opened 37 stores, mostly in former Mervyn`s
locations. As of October 3, 2009, the Company operated 1,059 stores in 49
states, compared to 1,003 in 48 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, October 8, until 8:30 PM EDT on Friday, October 9. 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. 

Kohl`s Department Stores

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 1,059 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, visit
www.kohls.com.

Kohl`s Corporation
Investor Relations: Wes McDonald, Chief Financial Officer, (262) 703-1893
Media: Vicki Shamion, Vice President - Public Relations, (262) 703-1464 



Copyright Business Wire 2009

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