Kohl’s Corporation total sales for the five-week month of September 2009 increased 9.6% from the five-week month ended October 4, 2008. On a comparable store basis, sales increased 5.5% for the month of September.
Total year-to-date sales were up 2.8% over the comparable prior year period. On a comparable store basis, year-to-date sales decreased 1.7%.
Kevin Mansell, Kohl’s chairman, president and chief executive officer, commented, “All regions and all lines of business reported comparable store sales increases in September. The Southwest region and the Accessories business were once again the strongest performers with double-digit comparable store sales increases. As a result of our quarter-to-date performance, we are raising our third quarter earnings per share guidance from $0.40 to $0.44 per diluted share to $0.52 to $0.54 per diluted share.”
On September 30, 2009, the Company opened 37 stores, mostly in former Mervyn’s locations. As of October 3, 2009, the Company operated 1,059 stores in 49 states, compared to 1,003 in 48 states at the same time last year.
