Kohl’s Corporation (Kohl’s) operates family-oriented department stores that sell moderately-priced apparel, footwear and accessories for women, men and children; soft home products, such as sheets and pillows, and housewares. The Company’s apparel and home fashions appeal to customers with style preferences ranging from classic to contemporary. As of January 31, 2009, the Company operated 1,004 stores in 48 states. In addition, it offers online shopping on its Website at www.Kohls.com. The Website offers key items, family apparel, and home merchandise. In April 2009, the Company announced the opening of 11 new stores in the United States, including its first in Alaska.
Quick Financial Synopsis
BRIEF: For the thirty nine weeks ended 31 October 2009, Kohl's Corporation's revenues increased 3% to $11.5B. Net income increased 2% to $560M. Revenues reflect an increase in comparable store sales. Net income was partially offset by increased selling, general & administrative expenses, a rise in depreciation & amortization expense, higher preopening expenses and increased interest expense. The company operates 1,022 stores in 49 states.