Attached files
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| 8-K - NOVEMBER 2011 SALES RELEASE - KOHLS Corp | rrd326868.htm |
KOHL'S CORPORATION REPORTS NOVEMBER COMPARABLE STORE SALES
MENOMONEE FALLS, WI, -- (Business Wire) - December 1, 2011 -- Kohl's Corporation (NYSE: KSS) reported today that for the four-week month ended November 26, 2011 total sales decreased 4.5 percent and comparable store sales decreased 6.2 percent from the four-week month ended November 27, 2010. Year to date, total sales increased 2.4 percent and comparable store sales increased 0.6 percent.
Kevin Mansell, Kohl's chairman, president and chief executive officer, commented, "November sales were disappointing. We were encouraged by our improved performance in both stores and e-commerce over the Thanksgiving weekend. A majority of our planned incremental marketing investment is in December and we expect to be able to benefit as customers look for value as they complete their holiday shopping."
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% Change . |
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Total Sales . |
Total Sales . |
Comparable Sales . |
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($ in millions) |
2011 . |
2010 . |
2011 . |
2010 . |
2011 . |
2010 . |
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November |
$ 1,930 |
$ 2,022 |
(4.5)% |
8.1% |
(6.2)% |
6.1% |
|
Year to date |
14,716 |
14,374 |
2.4 |
7.5 |
0.6 |
4.7 |
The Company operates 1,127 stores in 49 states, compared to 1,089 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, December 1, 2011 until 8:30 p.m. ET on Friday, December 2, 2011. 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. 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/A, 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 1,127 stores in 49 states. In support of the communities it serves, Kohl's has raised more than $180 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.
Investor Relations: Wes McDonald, Sr. Executive Vice President & Chief Financial Officer, (262) 703-1893
Media: Vicki Shamion, Sr. Vice President - Public Relations, (262) 703-1464