Kohl's net sales up, comps anemic
February 9, 2004,
Kohl's Corporation came out of the post-holiday season with a strong sales performance for January — up 14.5 percent — but comps were wheezing with a 0.3 percent gain.
Kohl's plans to open approximately 95 new stores in fiscal 2004, 47 stores in the first quarter that will be split between new market entries and fill-ins.
New markets include Sacramento, San Diego and Fresno, California and Memphis, Tenn.
The remaining new stores to be opened in existing markets will be spread across all regions of the country. The company expects to open the balance of the 95 stores in the third quarter.