Kohl's Corp reported sales for the five-week month ended July 3, 2010 increased 9.1% over the five-week month ended July 4, 2009. On a comparable store basis, sales increased 5.9%.
For the year-to-date period, total sales increased 9.6% and comparable store sales increased 6.2%.
Kevin Mansell, Kohl's chairman, president and chief executive officer, commented, “As expected, we reported stronger sales early in the month as the Memorial Day holiday fell in fiscal June this year. We continue to be pleased with E-commerce sales which were better than planned for the month and have increased almost 50 percent over 2009 year-to-date.”
From a regional perspective, the West and Southeast regions continued their strong year-to-date trends. The Northeast and Mid-Atlantic regions benefited from favorable weather and also outperformed the company. From a line of business perspective, Footwear and Mens achieved the strongest comparable store sales performance during the month.
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Fiscal Period Ended |
% Change |
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July 3, |
July 4, |
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All |
Comp |
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2010 |
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2009 |
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Stores |
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Stores |
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($ in millions) |
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June |
$ 1,605 |
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$ 1,471 |
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9.1% |
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5.9% |
Quarter-to-date |
2,943 |
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2,726 |
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8.0 |
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4.8 |
Year-to-date |
6,978 |
|
6,365 |
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|
9.6 |
|
6.2 |
The Company operates 1,067 stores in 49 states, compared to 1,022 in 49 states at the same time last year.
