Kohl’s Comps Increase 3.1% in December; Net Sales up 16.2%

Kohl’s Corporation sales for the five-week period ended January 1, 2005 increased 16.2 percent over the five-week period ended January 3, 2004. On a comparable store basis, sales increased 3.1 percent. For the 48 weeks ended January 1, 2005, total sales increased 13.9 percent over last year. Comparable store sales increased 0.4 percent.

The Company now expects to achieve fourth quarter earnings at the low end of its previously issued guidance of $0.93 to $0.97 per diluted share.

                                      Sales Summary
                                     ($ in millions)
                   Fiscal Period Ended             % Inc. - This Year
                  ----------------------------------------------------
                   January 1,    January 3,          All        Comp
                      2005          2004           Stores      Stores
                  ----------------------------------------------------

December             $2,135.3      $1,837.3        16.2%         3.1%
November/December    $3,481.8      $3,025.1        15.1%         1.9%
Year-to-Date        $11,103.7      $9,745.3        13.9%         0.4%