Kohl’s April Comps Fall 7.7%; March/April Up 8.8%

Kohls Corporation said total sales for the four-week month ended May 1, 2010 decreased 5.0% from the four-week month ended May 2, 2009. On a comparable store basis, sales decreased 7.7%.

For the quarter and year-to-date period, total sales increased 10.9% and comparable store sales increased 7.4%.

Kevin Mansell, Kohls chairman, president and chief executive officer, commented, As expected, we reported a decrease in comparable store sales in April due to the timing of Easter and our Grand Opening events. We were pleased with our 8.8% comparable store sales performance for the combined March/April period as well as our first quarter performance. Our E-commerce business continues to generate significant growth, achieving a 50% increase in sales in the first quarter.

From a regional perspective, the Southeast and South Central regions led the company for the month. Footwear, Womens and Mens achieved the strongest comparable store sales performance during the month.

For the quarter, all lines of business and regions achieved positive comparable store sales increases. From a regional perspective, the Southeast and West regions led the company. Footwear and Home achieved the strongest comparable store sales increases for the quarter.

The company now expects earnings of 61 cents to 62 cents per diluted share for the first quarter of fiscal 2010, exceeding its previous guidance of 55 cents to 57 cents per diluted share.

Fiscal Period Ended