Kohl’s Corporation total sales for the four-week month ended August 29, 2009 increased 4.8% to $1.32 billion compared to $1.26 billion during the four-week month ended August 30, 2008. On a comparable store basis, sales increased 0.2%.
For the year-to-date period, total sales increased 1.8% to $8.76 billion compared to $8.61 billion last year. Comparable store sales decreased 2.7%.
Kevin Mansell, Kohl’s chairman, president and chief executive officer, commented, “Our August results were driven by improvement across most businesses with Accessories being the strongest and Women's being the most improved. On a regional basis, the Southeast and South-Central benefited from a later tax-free event this year and were the most improved regions, while the Southwest continued to lead in overall performance with a double-digit comparable store sales increase. We believe this momentum will continue as we open 37 new stores later this month, mostly in former Mervyn’s locations, which will put us in a stronger position to be the retailer of choice in the Southwest region, particularly in California.”
