Kohl's Corporation Reports November Comparable Store Sales

  Kohl's Corporation Reports November Comparable Store Sales

Business Wire

MENOMONEE FALLS, Wis. -- November 29, 2012

Kohl’s Corporation (NYSE: KSS) reported today that for the four-week month
ended November 24, 2012 total sales decreased 4.9 percent and comparable store
sales decreased 5.6 percent from the four-week month ended November 26, 2011.
Year to date, total sales increased 0.4 percent and comparable store sales
decreased 1.1 percent.

Kevin Mansell, Kohl’s chairman, president and chief executive officer,
commented, “Though November sales were lower than expectations, we are
encouraged by improved sales over the Thanksgiving week. There was a
significant shift in Black Friday-related sales into our E-Commerce channel.
For the week, both transactions and sales in E-Commerce increased over 50
percent with most of these sales being recognized in December. The combination
of these E-Commerce sales and our store sales resulted in higher sales for the
last week of the month.”

                                        % Change
                  Total Sales                   Total Sales            Comparable Store
                                                                          Sales
($ in             2012       2011             2012      2011          2012      2011
millions)
November          $ 1,836      $ 1,930          (4.9 %)     (4.5 %)       (5.6 %)     (6.2 %)
Year to           $ 14,773     $ 14,716         0.4  %      2.4  %        (1.1 %)     0.6  %
Date
                                                                                           

All regions reported negative sales for the month. The Mid-Atlantic and
Northeast were the most challenging regions due to weak sales early in the
month following Superstorm Sandy. Children’s was the strongest line of
business. Additional comments regarding the Company’s sales results will be
provided in a pre-recorded telephone message, which will be available from
8:30 am ET on Thursday, November 29, 2012 until 8:30 pm ET on Friday, November
30, 2012. The toll-free, dial-in number for the replay is (888) 360-2596. (No
pass code is required.)

The Company operates 1,146 stores in 49 states, compared to 1,127 stores at
the same time last year.

About Kohl’s

Based in Menomonee Falls, Wis., Kohl’s (NYSE: KSS) is a family-focused,
value-oriented specialty department store offering moderately priced,
exclusive and national brand apparel, shoes, accessories, beauty and home
products in an exciting shopping environment. With a commitment to
environmental leadership, Kohl’s operates1,146stores in 49 states. In
support of the communities it serves, Kohl’s has raised more than$208million
for children’s initiatives nationwide through its Kohl’s Cares® cause
merchandise program, which operates under Kohl's Cares, LLC, a wholly-owned
subsidiary of Kohl's Department Stores, Inc. For a list of store locations and
information, or for the added convenience of shopping online,
visitwww.Kohls.com,or join the discussion on Facebook
http://www.facebook.com/kohlsor Twitterhttp://twitter.com/Kohls.

Contact:

Kohl’s Corporation
Investor Relations:
Wes McDonald, Senior Executive Vice President and Chief Financial Officer
(262) 703-1893
or
Media:
Vicki Shamion, Senior Vice President – Public Relations
(262) 703-1464
 
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