Kohl’s November Comps Continue Downward Trend

Kohl's Corporation reported that sales for the four week
period ended November 29, 2003 increased 9.3% over the four week period ended November 30, 2002. On a comparable store basis, sales decreased 4.4%…

For the 43 weeks ended November 29, 2003, total sales were up
12.6% while comparable store sales decreased 1.6%.

Larry Montgomery, CEO of Kohl's Corporation commented, “November
sales results were lower than expected. We experienced high single
digit comparable store sales declines over the first three weeks of
the month. Cold weather broke in the last week and a strong start to
holiday selling resulted in a high single digit comparable store sales
increase in the final week of the month. We are encouraged by the
strong start for the holiday period and continue to target a low to
mid-single digit comparable store sales increase for the fourth
quarter.”

                                          Sales Summary
                                         ($ in millions)
                            Fiscal Period Ended    % Inc. -  This Year
                          --------------------------------------------
                        November 29,  November 30,    All        Comp
                            2003          2002       Stores     Stores
                          --------------------------------------------
  November                $1,187.8     $1,086.7        9.3%      -4.4%
  Year-to Date            $7,908.0     $7,022.5       12.6%      -1.6%

At November 29, 2003, the Company operated 542 stores compared
with 457 stores at the same time last year.