Kohl’s June Comps Fall 3.7%

Kohl's Corporation sales for the five-week period ended July 3, 2004 increased 9.8% over the five-week period ended July 5, 2003. On a comparable store basis, sales decreased 3.7%.

For the 22 weeks ended July 3, 2004, total sales were up 13.2% over the 22 weeks ended July 5, 2003. On a comparable store basis, sales for the 22-week period increased 0.1%.

Larry Montgomery, Chairman and CEO of Kohl's Corporation, stated that, “Although sales were disappointing in June, we remain on track to deliver our previous earnings guidance for the fiscal second quarter of $0.42 to $0.45 per diluted share.”

                             Sales Summary
                            ($ in millions)

                  Fiscal Period Ended          % Inc. - This Year
                ------------------------     ----------------------
                  July 3,       July 5,        All           Comp
                   2004          2003         Stores        Stores
                -----------  -----------     --------      --------
June            $  909.6      $  828.7         9.8%         -3.7%
Year-to-Date    $4,105.6      $3,625.4        13.2%          0.1%

As of July 3, 2004, the Company operated 589 stores in 38 states, compared with 492 stores in 34 states at the same time last year. The Company will open approximately 48 stores in the third quarter of fiscal 2004, including entries into the San Francisco, CA market with 11 stores and the Salt Lake City, UT market with five stores. In total, the Company plans to open approximately 95 stores in fiscal 2004.