Kohl's Corporation
Industry: Retail (Department & Discount)

Based in Menomonee Falls, Wis., Kohl's is a family-focused, value oriented specialty department store offering moderately priced national brand apparel, shoes, accessories and home products. The company operates 457 stores in 33 states.

Business Summary
Kohl's Corporation, (Kohl's) operates family-oriented, specialty department stores in the United States. The Company's stores sell national brand apparel, shoes, accessories, soft home products and housewares targeted to middle-income customers shopping for their families and homes. The Company's stores emphasize apparel, accessories and footwear for women, men and children; soft home products, such as towels, sheets and pillows, and housewares. During the fiscal year ended January 29, 2005 (fiscal 2004), the Company operated 637 stores in 40 states. In March 2005, the Company opened 15 additional stores across all regions of the United States. Subsequent to fiscal 2004, Kohl's operates 652 stores. Of the 637 stores the Company operated as of January 29, 2005, 171 are take-over locations, which facilitated the entry into several markets including Chicago, Detroit, Minneapolis, Columbus, Boston, Philadelphia, St. Louis, the New York region and Hartford/New Haven.

Financial Summary
Kohl's Corporation operates family-oriented, specialty department stores that feature moderately priced apparel, shoes, accessories, soft home products and housewares. For the 26 weeks ended 7/30/05, sales rose 15% to $5.63B. Net income increased 25% to $311.9M. Revenues reflect comparable store sales growth and the inclusion of sales from new stores opened. Earnings reflect improved gross margin due to the change in inventory accounting.