Kohl’s January Sales Increase 11.2%; Comps Decrease 1.6%

Kohl’s Corporation reported that sales for the four-week period ended January 29, 2005 increased 11.2% over the four-week period ended January 31, 2004. On a comparable store basis, sales decreased 1.6%.

For the 13 weeks ended January 29, 2005, total sales increased 14.5% over the 13 weeks ended January 31, 2004. On a comparable store sales basis, sales increased 1.3%. For the 52 weeks ended January 29, 2005, total sales were up 13.8% while comparable store sales increased 0.3%.

The Company is comfortable with the current First Call consensus earnings estimate of 93 cents per diluted share.

                                       Sales Summary
                                       ($ in millions)

                         Fiscal Period Ended       % Inc. -  This Year
                      -------------------------    -------------------
                       January 29,  January 31,       All       Comp
                          2005         2004          Stores    Stores
                          ----         ----          ------    ------

January                 $   596.9    $   536.8       11.2%      -1.6%
Fourth Quarter          $ 4,078.7    $ 3,561.9       14.5%       1.3%
Year-to-Date            $11,700.6    $10,282.1       13.8%       0.3%

On January 29, 2005, the company operated 637 stores in 40 states, compared with 542 stores in 36 states at the same time last year.

The company plans to open approximately 95 stores in fiscal 2005 with approximately 33 stores opening during the first quarter. The company expects to open the balance of the 95 stores in the third quarter of fiscal 2005. These fall openings include the company’s entry into the state of Florida with stores in the Orlando and Jacksonville markets.