Kohls Corporation (NYSE:KSS) has released a sales report for the four week period ended May 1, 2010. The sales report showed a decrease of 5.0% from the comparable period of the previous year. The store sales have decreased by 7.7% on a comparable store basis. Total sales have increased by 10.9% and comparable store sales have also increased by 7.4% for the quarter and year to date period. The full sales report is available online at www.kohlscorporation.com/InvestorRelations.
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Kohl’s Corporation (Kohl’s) operates family-oriented department stores that sell apparel, footwear and accessories for women, men and children, soft home products, such as sheets and pillows, and housewares. The Company’s stores feature private and exclusive brands, which are found only at Kohl’s, as well as national brands. As of January 30, 2010, the Company operated 1,058 stores in 49 states. As of January 30, 2010, it leased 686 of its 1,058 retail stores. In addition, Kohl’s offers on-line shopping on its Website at www.Kohls.com. The Website includes a selection of items and categories with a primary focus on extended sizes, product line extensions, and Web-exclusive product lines. During the fiscal year ended January 30, 2010 (fiscal 2009), Kohl’s closed its Menomonee Falls, Wisconsin distribution center. In April 2009, the Company announced the opening of 11 new stores in the United States, including its first in Alaska.
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