Kohl’s Comps Dip 4.6 Percent in July

Kohl’s Corp. reported that for the four-week
month ended July 30, 2011 total sales decreased 2.9 percent and
comparable store sales decreased 4.6 percent from the four-week month
ended July 31, 2010. For the quarter, total sales increased 3.6 percent
and comparable store sales increased 1.9 percent. Year to date, total
sales increased 3.4 percent and comparable store sales increased 1.6
percent.

Kevin Mansell, Kohls chairman, president and chief executive officer,
commented, Our July comp sales results were disappointing, particularly
given the strong June results we had achieved. I am, however, especially
pleased with our ability to manage our inventory and expenses resulting
in better than planned gross margins as well as better than planned
leverage on our expenses. Early indications of customer reaction to
higher apparel prices are in line with our expectations in terms of unit
demand.

The Company operates 1,097 stores in 49 states, compared to 1,067 stores
at the same time last year.