Kohl’s Corporation reported that sales for the four-week month ended Nov. 28, 2009 increased 7.1%. On a comparable store basis, sales increased 3.3%.
Kevin Mansell, Kohl’s chairman, president and chief executive officer, commented, “Our November results reflect momentum in our efforts to take market share in a difficult environment. While consumers continue to be conservative in their spending, we achieved a 10% increase in transactions per store for the month, reflecting customers growing belief that Kohl's is delivering the best value. We intend to continue that focus on market share the rest of the holiday season through a strong value message including communicating our industry-leading return policy to ensure consumers know they can buy their gifts with confidence at Kohl's.”
The Southwest region reported the strongest increase in comparable store sales for the ninth consecutive month. From a line of business perspective, Home reported the strongest comparable store sales increase.
| Fiscal Period Ended | % Change | |||||||||||
|
|
|
Nov. 28, |
Nov. 29, |
|
All |
Comp |
||||||
|
|
|
2009 |
|
2008 |
|
Stores |
|
Stores |
||||
| ($ in millions) |
|
|
|
|
|
|
|
|
||||
Month |
|
|
|
|
$ |
1,746 |
|
7.1 |
% |
|
3.3 |
% |
Year-to-date |
|
|
13,366 |
|
|
12,899 |
|
3.6 |
|
|
-0.7 |
|
As of Nov. 28, 2009, the company operated 1,059 stores in 49 states, compared to 1,004 in 48 states at the same time last year.
