Kohl’s Ends Fiscal 2013 with Strong January Comps

Comparable store sales, which exclude sales for the fifth week of fiscal January 2013, increased 1.9 percent for the quarter and 0.3 percent for the year.

Kevin Mansell, Kohls chairman, president and chief executive officer, commented, Our January performance allowed us to accomplish our goal of clearing seasonal merchandise and we are happy with the balance and strength of our inventory across regions and categories as we enter fiscal 2013.

										% Change
			Total Sales							Total Sales										Comparable Store Sales
($ in millions)			2012			2011				2012(1)			2012(2)			2011				2012			2011
January			$	1,132		$	844			34.1	%		14.1	%		2.4	%			13.3	%		0.6	%
Quarter			$	6,343		$	6,018			5.4	%		2.5	%		(0.3	%)			1.9	%		(2.1	%)
Year			$	19,280		$	18,804			2.5	%		1.6	%		2.2	%			0.3	%		0.5	%
(1) Including fifth week of fiscal January 2013
(2) Excluding fifth week of fiscal January 2013

The West was the strongest region for the month with a mid-teen increase in comparable store sales. The South Central reported a low double-digit increase in comparable store sales. All other regions reported mid- to high single-digit increases. E-Commerce sales, excluding the fifth week of fiscal January 2013, increased 59 percent over January 2012. All lines of business except Footwear achieved double-digit comparable store sales increases. Footwear had a high-single digit increase in comparable store sales.

As a reminder, beginning with fiscal February 2013, the company will no longer report monthly sales results. Quarterly sales results will be reported in conjunction with the companys quarterly earnings reports.
The company operates 1,146 stores in 49 states, compared to 1,127 stores at the same time last year.