MENOMONEE FALLS, Wis.--(BUSINESS WIRE)--Nov. 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.”
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% Change
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Total Sales
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Total Sales
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Comparable Store Sales
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($ in millions)
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2012
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2011
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2012
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2011
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2012
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2011
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November
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$
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1,836
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$
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1,930
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(4.9
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%)
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(4.5
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%)
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(5.6
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%)
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(6.2
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%)
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Year to Date
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$
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14,773
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$
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14,716
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0.4
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%
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2.4
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%
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(1.1
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%)
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0.6
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%
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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 operates 1,146 stores in 49 states. In
support of the communities it serves, Kohl’s has raised more
than $208 million 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, visit www.Kohls.com, or
join the discussion on Facebook http://www.facebook.com/kohls or
Twitter http://twitter.com/Kohls.
Source: Kohl’s Corporation
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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